ACC closure shrinks already limited choice

The RBS subsidiary could be a victim of Britain's need to put the banking crisis behind it, writes Jon Ihle

ACC will close the doors of its business centres next year and give up its banking licenceBloomberg

Banking consumers once again saw their options dwindling last week, with the news that ACC Bank will withdraw from the current account and deposit market next year.

The bank, which has traditionally operated in the agri-sector and is part of the Rabobank group, will close the doors of its business centres next year and give up its banking licence. According to a brief statement issued last Friday, it will focus ''solely on debt ...