Tag: $RBS

November 20, 2014 BY LeapRate Staff

FCA fines RBS, NatWest and Ulster Bank £42 million for IT failures

UK regulated financial services companies had better ensure that their IT systems work properly. Using the excuse 'it was a computer glitch' doesn't fly any more. UK financial regulator the Financial Conduct Authority (FCA) has today fined the Royal Bank of Scotland (NYSE:RBS), National Westminster Bank (NatWest) and Ulster Bank a total of £42 million (about…

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