The story appears on

Page A15

December 31, 2010

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Economy

Record UK fines

THE UK's financial watchdog handed out record fines of 89 million pounds (US$137.4 million) this year, in a crackdown on banks, individuals and financial scams as it prepares to be replaced by new authorities.

Fines imposed by the Financial Services Authority nearly tripled versus last year's 35 million pounds, it said yesterday.

The FSA levied some of its biggest ever fines on top banks such as JPMorgan and Goldman Sachs.

It also banned 60 individuals from working in financial services, slightly more than in 2009, and stepped up efforts to warn people off scams and secure compensation for victims of financial fraud.




 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend