trending Market Intelligence /marketintelligence/en/news-insights/trending/4DRueJa6X9QO_k0VftiYpA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Fines levied by UK finance regulator jumps to highest level in 4 years

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Fines levied by UK finance regulator jumps to highest level in 4 years

The U.K. Financial Conduct Authority has imposed a total of £391.8 million in fines so far in 2019, the highest level in four years and six times more than the amount in 2018, the Financial Times reported, citing data collated by law firm RPC.

The surge was mainly driven by enforcement actions on financial crime and misselling of financial products, with the latter accounting for £163 million of the total, according to the report.

The FCA handed out the largest fine to Standard Chartered PLC at roughly £102 million, which was part of a global total of $1.1 billion in penalties to settle charges that the bank breached sanctions on Iran and ignored concerns about customers, the FT noted.