Tag: Financial Conduct Authority (FCA)

• Friday, December 21st 2018 - 12:03 UTC

  Santander fined £32.8m in UK for failing to process accounts of dead customers

  

  The Santander group has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) said. The FCA found that Santander failed to transfer funds worth more than £183m to beneficiaries.

• Thursday, May 21st 2015 - 07:08 UTC

  Five world leading banks fined 5.7bn dollars for manipulating foreign exchange markets

  

  Five of the world's largest banks are to pay fines totaling $5.7bn for charges including manipulating the foreign exchange market. Four of the banks - JPMorgan, Barclays, Citigroup and RBS - have agreed to plead guilty to US criminal charges, while the fifth, UBS from Switzerland will plead guilty to rigging benchmark interest rates.

• Friday, April 24th 2015 - 08:25 UTC

  Deutsche Bank agrees to pay 2.5bn fine for manipulating the LIBOR rate

  

  The New York State Department of Financial Services (NYDFS) announced Thursday that Deutsche Bank had agreed to pay 2.5 billion (2.3 billion Euros) to US and UK authorities as part of a legal settlement over the bank's role in manipulating the London Interbank Offered Rate (Libor).

• Wednesday, July 30th 2014 - 07:45 UTC

  UK and US fine Lloyds group £218m for manipulating the Libor rate

  

  Lloyds Banking Group has been fined £218m for “serious misconduct” over some key interest rates set in London. The group manipulated the London interbank offered rate (Libor) for yen and sterling and tried to rig the rate for yen, sterling and the US dollar, said the US legal order.

• Tuesday, July 22nd 2014 - 23:35 UTC

  Criminal investigation into possible price rigging in London foreign exchange market

  

  The United Kingdom Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market. The probe will look into allegations of “fraudulent conduct”, the director of the SFO said in a statement.