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UK watchdog under fire for lack of penalties in RBS small-business scandal

Senior politicians have lambasted Britain’s financial watchdog for failing to take action against RBS or its former executives for past mistreatment of small business customers.

  • Shared by KYC360
  • June 17, 2019
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The Financial Conduct Authority (FCA) said it was sticking by its decision not to apply penalties for actions of RBS’s former turnaround unit, the Global Restructuring Group (GRG).

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