{"id":264,"date":"2021-09-23T23:32:07","date_gmt":"2021-09-23T22:32:07","guid":{"rendered":"https:\/\/imruls.blog\/?p=264"},"modified":"2021-09-23T23:32:07","modified_gmt":"2021-09-23T22:32:07","slug":"the-evil-you-know","status":"publish","type":"post","link":"https:\/\/imruls.blog\/?p=264","title":{"rendered":"The Evil You Know"},"content":{"rendered":"\n<p>Fines imposed by the Financial Conduct Authority on banks <a rel=\"noreferrer noopener\" href=\"https:\/\/www.fca.org.uk\/news\/news-stories\/2020-fines\" target=\"_blank\">in 2020<\/a> include:<\/p>\n\n\n\n<p>\u2022 \u00a326m &#8211; Barclays<br \/> \u2022 \u00a338m &#8211; Commerzbank<br \/> \u2022 \u00a348m &#8211; Goldman Sachs<br \/> \u2022 \u00a364m &#8211; Lloyds<\/p>\n\n\n\n<p>The fines were related to inappropriate conduct or the unfair treatment of customers. <\/p>\n\n\n\n<p>Here are some fines imposed on banks <a rel=\"noreferrer noopener\" href=\"https:\/\/www.fca.org.uk\/news\/news-stories\/2019-fines\" target=\"_blank\">in 2019<\/a>:<\/p>\n\n\n\n<p> \u2022 \u00a328m &#8211; UBS<br \/> \u2022 \u00a334m &#8211; Goldman Sachs<br \/> \u2022 \u00a346m &#8211; Bank of Scotland<br \/> \u2022 \u00a3102m &#8211; Standard Chartered<\/p>\n\n\n\n<p>The fines were imposed for lack of transparency as well as breaching money laundering regulations. The <a rel=\"noreferrer noopener\" href=\"https:\/\/www.fca.org.uk\/news\/press-releases\/fca-fines-bank-scotland-failing-report-suspicions-fraud\" target=\"_blank\">notes<\/a> show Bank of Scotland receiving a 30% discount on the fine. <\/p>\n\n\n\n<p>Nascent fintech gets a bad rap (or a cease and desist) before it can demonstrate its promise, meanwhile the incumbents quietly pay their fines year after year. Sometimes at a discount. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fines imposed by the Financial Conduct Authority on banks in 2020 include: \u2022 \u00a326m &#8211; Barclays \u2022 \u00a338m &#8211; Commerzbank \u2022 \u00a348m &#8211; Goldman Sachs \u2022 \u00a364m &#8211; Lloyds The fines were related to inappropriate conduct or the unfair treatment of customers. Here are some fines imposed on banks in 2019: \u2022 \u00a328m &#8211; UBS [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-264","post","type-post","status-publish","format-standard","hentry","category-thoughts"],"blocksy_meta":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/imruls.blog\/index.php?rest_route=\/wp\/v2\/posts\/264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imruls.blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imruls.blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imruls.blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/imruls.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=264"}],"version-history":[{"count":0,"href":"https:\/\/imruls.blog\/index.php?rest_route=\/wp\/v2\/posts\/264\/revisions"}],"wp:attachment":[{"href":"https:\/\/imruls.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imruls.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imruls.blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}