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Evening Standard
Evening Standard
National
Henry Saker-Clark

Bank of London and parent firm fined £2 million for misleading banking watchdog

PRA London The Bank of London the Prudential Regulation Authority
The Bank of London and its parent firm have been fined by the PRA (Yui Mok/PA) - (PA Archive)

The Bank of England’s banking watchdog has fined the Bank of London and its parent firm £2 million over “failing to act with integrity” and misleading the regulator over its finances.

The Prudential Regulation Authority (PRA) said it is the first time it has fined a firm for failing to conduct its business with integrity.

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