UK banks face 'billions more' in fines as BBA looks to future

No way to provision against US penalties, conference hears

rbs-2010
RBS has faced conduct-related losses

UK banks could still see billions of pounds more in fines related to their US operations, warned speakers at the British Bankers' Association's annual retail conference today (June 18).

The theme of the conference was "Retail Banking in 2020" but, subsequent speakers warned, the UK industry was still far from clear of the after-effects of the 2008 financial crisis – and its misdeeds before and during it.

Michael Helsby, a research analyst covering European banks at Bank of America Merrill Lynch

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: