UK inquiry finds 142,000 small business accounts closed by banks in a year due to concerns over financial crime and fraud.

UK inquiry finds 142,000 small business accounts closed by banks in a year, with eight major banks shutting accounts due to concerns over financial crime and fraud, as well as dormant accounts. The Treasury Committee is concerned about banks providing a range of reasons for closing accounts with little notice and is questioning whether small UK businesses are being treated fairly by lenders.