FCA fines fall after year without major blow-ups

Pedro Gonçalves
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FCA fines fall after year without major blow-ups

Fines levied by the Financial Conduct Authority (FCA) fell over 2018, after 12 months without many big ticket penalties. The UK financial watchdog levied £60.5m of fines in 2018 down from the £228.5m over the previous year, according to The Times. A substantial factor that inflated 2017's total was the fine against Deutsche Bank for £163m over money laundering rules. The record year for fines is still 2014 when the total reached £1.47bn, as banks were punished for Libor interest rate riggi...

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