The Office of Fair Trading regulators, who are competitors to Britain, are all set to make a full-size investigation into investment banking profits which would be its first huge query in to City practices for more than ten years.

Philip Collins, Chairman of the Office of Fair Trading said in the coming few months the company would be looking at the industry’s charging.

On Friday OFT said that it was “keen to find out more about competition in investment banking services in order to help establish whether further work in this area is warranted”.

The OFT immediately removed assumptions that the inquiry was about to happen, but it is clear that investment banks – and the fees they charge clients – are going through increasing political and strict interest.

Reports say that shareholders are encouraging Philip Collins suggestion; by saying the competition watchdog may inspect fees in the investment banking industry.

Brothers and Bear Stearns, both sufferers of the fiscal crisis, who have enjoyed a huge growth of turnover limits on trading activities, were absorbed by competitors.

Banks were adamant that they need to charge more, specifically on credit-related business, since very low prices, driven by extreme competition, were one of the large drivers of the crisis.

Vince Cable, Treasury spokesman for the Liberal Democrats is glad that although OFT could not prove its excellence over the last four years, they are now looking at the matter.