Labour shadow chancellor Ed Balls has welcomed the competition watchdog's call for an investigation into personal current accounts and small business banking.
Ministers claim there is no problem to solve, but everyone else recognises that we have a lack of competition in our banking sector.
As we said earlier this year, in the next parliament we need to see at least two new challenger banks and a market share test to ensure the market stays competitive for the long term.
Britain's new competition watchdog (CMA) says banks are not delivering for customers, but is a new investigation really the way forward?
The CMA is set to order an investigation into the industry - one that may result in banks having to offload parts of their business.