Basic Search  |  Summaries  |  Advanced SearchPenalty: £14,474,600
Year: 2014
Date: 27 August, 2014
Offence Group: financial offences
Offence Type: mortgage abuses
Violation Description: RBS and Natwest paid a £14.4 million fine in settlement of a finding by the FCA that the companies advised mortgages sales had failed to provide adequate information to customers and had failed to correctly assess the customers suitability when recommending products.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data: (click here)