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Royal Bank of Scotland
LONDON (MarketWatch) — Royal Bank of Scotland has been fined 28.6 million pounds ($43 million) by the U.K.’s Office of Fair Trading for handing confidential information on loan pricing to rival Barclays.
The OFT said it found evidence that Barclays used the confidential information when determining its own pricing.
However, Barclays is likely to escape being fined because it brought the matter to the authority’s attention under its “leniency policy,” which enables companies to qualify for immunity from penalties.
LONDON (MarketWatch) — Royal Bank of Scotland has been fined 28.6 million pounds ($43 million) by the U.K.’s Office of Fair Trading for handing confidential information on loan pricing to rival Barclays. The OFT said it found evidence that Barclays used the confidential information when determining its own pricing. However, Barclays is likely to escape being [...]
Royal Bank of Scotland fined $43 mln after giving confidential info to Barclays
Royal Bank of Scotland fined $43 mln after giving confidential info to Barclays
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