Legal
Financial Conduct Authority fines Credit Suisse and Yorkshire Building Society for financial promotions failures
The Financial Conduct Authority (FCA) has today fined both Credit Suisse International (CSI) and Yorkshire Building Society (YBS) for failing to ensure financial promotions for CSI’s Cliquet Product1 were clear, fair and not misleading. CSI was fined £2,398,100 and YBS’s fine was £1,429,000. The Cliquet Product was designed by…
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