Barclays fine breaks records for FSA

Barclays fine breaks records for FSA

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The £59.5 million fine imposed on Barclays by the UK Financial Services Authority (FSA) is the largest in the FSA’s history by far – it also means that the FSA has imposed a larger total amount of fines and penalties so far in 2012 than in the whole of any previous year, according to data collected by Wolters Kluwer Financial Services.

Fines imposed by June 30 this year total £93.5 million – most of which represents the single penalty imposed on Barclays

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