– Britain’s two banking regulators on Friday concluded that they won't take any enforcement motion in opposition to sure former unnamed senior managers on the collapsed financial institution HBOS, the Financial institution of England mentioned in a press release.
The Monetary Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have now closed these investigations, the assertion added.
HBOS, which traded underneath the manufacturers Halifax and Financial institution of Scotland, needed to be rescued in a government-engineered takeover by Lloyds in 2008, which subsequently wanted a 20 billion pound taxpayer bailout of its personal.
($1 = 0.8425 kilos)
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