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RBS fined £5.6 million

Royal Bank of Scotland has been fined £5.6 million by the Financial Conduct Authority for incorrectly reporting transactions it made on wholesale money markets.

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RBS 'regrets failings' after hefty fine

The Royal Bank of Scotland said it "regrets" its failure to correctly report transactions after being fined £5.6 million:

RBS fully cooperated with the regulator throughout the investigation. We regret the failings that were uncovered and have subsequently made significant investments to our systems and controls in this area.

– RBS statement

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