Prudential Regulation Authority

5 results about this entity

Period: 21 Mar 2023 - 22 May 2024

/regulation

Citi fined over $444 billion fat finger error

British financial regulators have fined Citigroup £61.7 million over a $444 billion fat finger error that led to a $1.4bn sell off of equities in European markets.

/regulation

HSBC fined £57.4 million for "serious failings" in depositor protection

HSBC has been hit with a £57.4 million fine by the Prudential Regulatory Authority for failing to accurately log accounts eligible for compensation under the Financial Services Compensation Scheme.

/retail

Will Metro Bank be 2023’s next banking collapse?

Metro Bank has had a rough week. News that the UK challenger bank was planning to raise up to £600 million from investors, prompted financial watchdogs to summon the bank’s bosses for a sit-down.

/people

Ex-TSB CIO fined £80k over bungled IT migration

The former chief information officer of TSB Bank has been fined over £80,000 for his part in a bungled IT migration programme in 2018 that locked customers out of their accounts for weeks and led to months of ongoing technical problems.

/regulation

PRA capital rule changes puts £44bn of SME lending at risk - report

The UK Prudential Regulation Authority's plans to change bank capital rules could put up to £44 billion of SME lending at risk, according to research commissioned by Allica Bank.