The Royal Bank of Scotland was among the banks that were fined a total of US$4.3 billion by regulators last week. Photo: EPA The Royal Bank of Scotland was among the banks that were fined a total of US$4.3 billion by regulators last week. Photo: EPA
The Royal Bank of Scotland was among the banks that were fined a total of US$4.3 billion by regulators last week. Photo: EPA
Peter Guy
Opinion

Opinion

The View by Peter Guy

Banks hit hard with fines and new rules by zealous financial watchdogs

Banks are being punished for misdeeds with large fines and new rules, but financial watchdogs around the world may have gone too far

The Royal Bank of Scotland was among the banks that were fined a total of US$4.3 billion by regulators last week. Photo: EPA The Royal Bank of Scotland was among the banks that were fined a total of US$4.3 billion by regulators last week. Photo: EPA
The Royal Bank of Scotland was among the banks that were fined a total of US$4.3 billion by regulators last week. Photo: EPA
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