The Royal Bank of Scotland's fine for incorrectly reporting transactions was reduced by 30 percent after the bank reached a settlement with the Financial Conduct Authority.
"The size of the fine reflects the serious nature of the issue," the FCA said after fining the bank £5,620,300.
"RBS agreed to settle at an early stage of the investigation."
More top news
Thundery overnight with a Met Office warning for rain in place for a large swathe of the country. Quite sunny throughout tomorrow.
Video shot in Islamic State capital Raqq purportedly shows at least two of three missing London schoolgirls.
A lawyer representing 35 families who lost loved-ones when a pilot deliberately crashed his plane 'can't explain' €25,000 offer.