HSBC Holdings PLC, Royal Bank of Scotland Group PLC and six other U.K. lenders won a court bid to halt an antitrust regulator's challenge to fees they charge customers who exceed overdraft limitations.

The Supreme Court, the highest court in Britain, reversed two earlier decisions that ruled overdraft fees are subject to laws regulating unfair terms in consumer contracts. The latest ruling may bar the Office of Fair Trading from challenging the lawfulness of specific terms used by the banks.

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