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Email The UK’s Financial Conduct Authority (“FCA”) and Prudential Regulation Authority (“PRA”) have together fined a leading bank a total of £48,650,000 for IT failures that left customers unable to access their accounts. The fine would have been £69,500,000 were it not for a 30% discount for early settlement. https://www.cadwalader.com/resources/articles/uk-regulators-fine-leading-bank-48m-for-operational-failings