December 12 2016
Fines imposed on banks and other City firms by the financial regulator have slumped to the lowest annual figure since the start of the financial crisis and less than 3% of last year’s total.
With a few working days left until the end of the year, the Financial Conduct Authority has dished out 23 fines worth £22.2m, down from 40 in 2015 when the total was £905m.
Top five fines in 2016
- Aviva £8.2m
- Sonali Bank (UK) £3.3m
- Towergate Underwriting £2.6m
- CT Capital £2.4m
- WH Ireland £1.2m