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Barclays and the Royal Bank of Scotland (RBS) have been raided as part of an Office of Fair Trading (OFT) investigation into price fixing.
The raids of the London and Edinburgh offices were sparked by Barclays, which approached the OFT to notify it of regularities.
Concerns over loans made to professional services companies such as law and accountancy firms are being investigated.
In a statement the consumer watchdog said: "The OFT will not be in a position to conclude whether the law has in fact been infringed until it has completed its investigation and assessed the available evidence."
Barclays said it had notified the OFT in March after staff responsible for lending to professional service firms were "approached from outside Barclays in a manner which we regarded as inappropriate".
Investigations are at an early stage and RBS said it is cooperating with the OFT.
The OFT is currently challenging eight banks, including Barclays and RBS, regarding their overdraft fees in a high court action.
