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Evening Standard

Business

Henry Saker-Clark

Macquarie fined £13m by City watchdog after fake trades

Macquarie Bank has been fined £13 million by the UK financial watchdog over fake trades (Alamy/PA) -

The UK’s financial watchdog has fined Macquarie Bank Limited £13 million after one of its London metals traders booked hundreds of fake trades to cover up losses.

The Financial Conduct Authority (FCA) handed out the penalty for “serious failings” by the bank to allow the employee to record more than 400 fake trades.

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Third Cayuga County Measles Case Confirmed in Same Household as Earlier Patient While Seneca County Count Reaches 22

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Stranded Iranian tankers, American pressure: Why Sri Lanka faces a difficult choice

Sri Lanka has announced it has no immediate plans to assist 19 Iranian oil tankers anchored in international waters off the island nation's coast, despite shortages of food, water and fuel aboard the vessels.

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There was still blood and human tissue smeared across the car.

We Got This Covered

Only 9.9% of Virginians Have Gotten a Flu Shot as Buchanan and Other Southwest Counties Trail Far Behind

Only 9.9% of Virginians Have Gotten a Flu Shot as Buchanan and Other Southwest Counties Trail Far Behind

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One subscription that gives you access to news from hundreds of sites

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Third Cayuga County Measles Case Confirmed in Same Household as Earlier Patient While Seneca County Count Reaches 22

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