dinsdag 13 augustus 2013

More trouble in store for UK banks

HSBC has already been fined £1.2bn for breaching money-laundering rules and Royal Bank of Scotland and Barclays hit with major penalties for rigging Libor, but over the past two weeks Britain's major banks have warned shareholders of the wide range of investigations they still face that could lead to even more fines.

In many instances the banks are unable to quantify, as yet, the impact of ongoing cases – although RBS provided the most detailed warning of potential future fines by setting aside £385m to cover legal costs associated with unspecified regulatory actions.

http://www.theguardian.com/business/2013/aug/11/trouble-in-store-britains-banks

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