Bank fined £4m over mortgage errors

AOL Money Staff
FSA
FSA

Bank of Scotland has been fined £4.2 million by the City regulator for holding inaccurate mortgage records for 250,000 of its customers.


Failures in the bank's systems meant that it relied on incorrect records for "considerable periods of time" between 2004 and last year, the Financial Services Authority (FSA) said.
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