RBS to pay £15m fine over mortgage selling
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RBS to pay £15m fine over mortgage selling
‘Royal Bank of Scotland will on Wednesday be fined around £15m by the City watchdog for failures at the taxpayer-owned bank that meant customers were give poor advice when buying mortgages.
The Financial Conduct Authority (FCA) is expected to announce the fine this morning following an investigation into mis-selling in the run-up to the financial crisis.
It is believed to relate to staff being improperly trained to sell mortgages, meaning that in certain cases, buyers received incorrect advice.’
Read more: RBS to pay £15m fine over mortgage selling
