U.K. finance watchdog makes less from fines after a bumper year, although Santander has biggest of year

LONDON – The total value of fines handed out by the United Kingdom’s Financial Conduct Authority fell by almost 75 percent in 2018, after a bumper year in which it had secured penalties against the likes of Deutsche Bank AG, Merrill Lynch International and Rio Tinto PLC. The regulator handed out 60.5 million pounds ($76.6…

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