PRA fined Citi UK , fine looks small if you look at Barclays fines in USA. Fair trade should mean a level playing field for fines e.g. £100m+.
U.S Dept of justice only works in units of $1Bn.
Who is/are PRA? and what did Citi do?
It still doesn’t say, but appears to be the Prudential Regulation Authority.
I’m missing out here, I should set up such an authority and start fining companies for bad governance procedures. It must be some of the easiest money in the world to extort.