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>> FINANCIAL CONDUCT AUTHORITY Latest News

JUN 16, 2014 - Yahoo! News

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UK watchdog fines Credit Suisse, Yorkshire Building Society

By Huw Jones LONDON (Reuters) - Britain's Financial Conduct Authority has fined Credit Suisse International and Yorkshire Building Society for promising unrealistic returns to investors who had limited knowledge of markets. The FCA said in a statement on Monday it has fined Credit Suisse International 2.4 million pounds ($4 million) and Yorkshire Building Society 1.4 million pounds, its second and third biggest fines for marketing failures related to investments totalling 797 million pounds. "These promotions were a serious breach of the requirement to be clear, fair and not ... Read More

Tags: UK watchdog fines Credit Suisse, Yorkshire Building Society,  Financial Conduct Authority Latest News