‘The worst is over’: S&P report predicts end for mega regulatory fines for banks

As the UK bank reporting season gets into full swing, a new study says the era of fines, compensation and other legal expenses on the banking industry could be drawing to a close.

Earlier this week, Standard & Poor’s (S&P) said 2016 ‘will likely be the last year for mega conduct and litigation issues’ among the UK’s four biggest banks Barclays, HSBC, Lloyds Banking Group and the Royal Bank of Scotland.

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