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FCA fines Merrill Lynch for incorrect reporting

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Merrill Lynch International (MLI) has been fined £13,285,900 ($19.98m) by the Financial Conduct Authority (FCA) for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.

Iran hopes to resolve trading freeze with HSBC

HSBC Canary Wharf

Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.

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FCA fines Merrill Lynch for incorrect reporting

Merrill Lynch International (MLI) has been fined £13,285,900 ($19.98m) by the Financial Conduct Authority (FCA) for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.