U.K. Regulatory Fines Soar Amid Crackdown on Financial Crime

  • Libor, FX scandals spark 2.5 billion pounds in fines, EY Says
  • Regulators bow to political pressure and take on tougher cases

U.K. regulators have cracked down on corporate wrongdoers following a series of scandals, including the rigging of Libor and foreign currencies, handing out record fines and seeking more criminal penalties.

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