UK bank misconduct charges dwindle
Six of seven stress-tested banks report 50% fall in legal and regulatory reserves
UK banks’ rosy performance in the Bank of England’s stress tests was helped along by lower stressed misconduct charges, which were nearly half in the 2018 round what they were the year prior. Actual misconduct charges reported by six of the seven participating firms at end-2017 were also half their prior year level and have continued to trend lower in 2018.
The BoE wrote that stressed misconduct
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