UK Watchdog Freezes New Clients for Bank of London After Fine
The Bank of London, a lossmaking fintech, has been fined £2 million and hit with a new client freeze by a UK watchdog for misleading regulators about its capital position.
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Bank of London Fined £2 Million for Misleading Banking Watchdog
The Bank of London and its parent firm have been fined £2 million by the Bank of England's Prudential Regulation Authority (PRA) for failing to conduct business with integrity and misleading the banking watchdog.