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UK watchdog fines Macquarie Bank $16 million for serious control failures
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UK watchdog fines Macquarie Bank $16 million for serious control failures
Nov 26, 2024 2:03 AM

(Reuters) - Britain's financial watchdog on Tuesday fined the London branch of Australian lender Macquarie Bank 13 million pounds ($16.33 million) for failings that enabled an employee to record fictitious trades and conceal his trading losses between 2020 and 2022.

($1 = 0.7962 pounds)

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