Banks should charge for current accounts as free services have driven a mis-selling problem, Britain’s top banking supervisor has warned. Britain’s trust in its banks has been heavily eroded by a succession of hard-sell scandals and over charging rows in recent years, including money-spinning Payment Protection Insurance, unsuitable investment funds and bank charges for allowing borrowers to go into unauthorised overdrafts. The illusion of free accounts has caused many of these problems, Andrew Bailey, director of banking at the Financial Services Authority, told a conference on the future of retail banking....Read more here---> http://www.thisismoney.co.uk/money/s...ley-warns.html