fines
Wealth managers
State Street UK has been fined £22.9m by the Financial Conduct Authority (FCA) for overcharging clients on a range of financial transactions.
31 January 2014
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1 min read
Wealth managers
Fines levied by the regulator against the financial services industry have soared by 50% this year, as the tougher stance of the new Financial Conduct Authority (FCA) leaves its mark.
11 December 2013
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UK
Bank of Scotland has been fined £4.2m by the Financial Services Authority (FSA) for failing to keep accurate mortgage records.
19 October 2012
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Wealth managers
HSBC is in talks to settle with US regulators over a money laundering investigation, but increased regulatory scrutiny has led to S&P cutting the bank's credit rating.
24 August 2012
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1 min read
Financial services
A US Senate investigation has uncovered how a "pervasively polluted" culture at HSBC and lax controls left it open to being used to launder dirty money from around the world.
17 July 2012
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1 min read
US
The JPMorgan Chase employee, dubbed the ‘London Whale', who was responsible for an estimated $2bn loss has left the bank.
13 July 2012
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Wealth managers
The FSA has fined a former research analyst £50,000 for making misleading and inaccurate disclosures to clients through Bloomberg instant messenger.
13 January 2011
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Financial services
The FSA has fined Credit Suisse £2.5m - reduced to £1.75m due to early settlement - for failing to submit accurate transaction reports.
08 April 2010
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Alternatives
A ex-BlueBay hedge fund manager has been fined £140,000 and banned by the FSA for misleading investors and the regulator.
03 February 2010
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