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Regulatory

Macquarie fined $25m over 400 fake trades

The UK's Financial Conduct Authority (FCA) has fined Macquarie Bank's London Branch (MBL) $25 million (£13m) for enabling one of its employees to record over 400 fictitious trades over a 20-month period.

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Read more: Macquarie GroupFinancial Conduct AuthorityMacquarie Bank Limited - London branchTravis Klein