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Britain's banks are "ripping off" their customers, Business Secretary Vince Cable has told the BBC.
Panorama reveals that high street banks surveyed are charging as much as 167% interest on unauthorised overdrafts.
Bank customers also complained to Panorama about the Halifax, which is owned by Lloyds Group Plc, a recipient of more than £20bn from the taxpayer in the bailout in late 2008.
They said it was charging an effective annual rate of interest of 3,650% on an overdraft of just £10.