Royal Bank of Scotland : RBS to be fined by regulator over mortgage advice – sources

Royal Bank of Scotland will be fined by Britain’s financial regulator on Wednesday over mortgage advice given to customers, sources familiar with the matter told Reuters on Tuesday.

The Financial Conduct Authority (FCA) is expected to provide further details, including the level of the fine, at 1000 BST on Wednesday, the sources said.

It would be the latest setback to hit Chief Executive Ross McEwan, whose efforts to turn around the bank – which made an 8.2 billion pound loss last year – are being hampered by ongoing investigations into past misconduct.

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