Britain’s largest fund manager fined £18.6 million for adverse risk exposure to investors LeapRate

April 29, 2014 BY Andrew Saks-McLeod

Britain's largest fund manager fined £18.6 million for adverse risk exposure to investors

Invesco Perpetual in receipt of hefty fiscal penalty as a result of the FCA having concluded that it did not comply with investment limits over 3 and a half year period Britain's largest retail investment management firm, Invesco Perpetual, has been issued a substantial fiscal penalty by the Financial Conduct Authority (FCA) as a result…

December 12, 2013 BY Gerald Segal

FCA issues its largest-ever fine for retail market activity to Lloyds - £28 million

Base salaries of advisors selling investment and protection products could be cut in half if targets were not met UK financial regulator FCA has announced on Wednesday that it is imposing its largest-ever fine for misleading retail practices of £28,038,844 on Lloyds Banking Group members – Lloyds TSB Bank and Bank of Scotland. According to…

October 30, 2013 BY Gerald Segal

Rabobank to pay $1 bln fines to settle with global regulators

Libor misconduct fines keep on pouring a full year after the scandal has shaken the financial industry. The Dutch bank Rabobank has settled for $475 mln with the US's CFTC, £105 million will be paid to the UK's FCA, whilst the rest of the billion dollar hit to the bank's balance sheet will be paid…

September 25, 2013 BY Gerald Segal

Breaking News: ICAP's Yen Libor manipulation leads to $87 million in CFTC and FCA fines

ICAP's fine is one of the largest civil monetary penalties ever doled out by either financial regulator. Breaking news,,, The CFTC has announced it has ordered ICAP Europe to pay a $65 million fine related to the manipulation of the Yen Libor rate over a four year period. ICAP was similarly assessed a £14 million (approximately $22.4…

Tag: largest FCA fines