LONDON Aug 27 Britain's financial regulator
said on Wednesday that it had fined Royal Bank of Scotland
and its NatWest division 14.5 million pounds ($24
million) for failings in the way it sold mortgage to customers.
The Financial Conduct Authority (FCA) said RBS and NatWest
had failed to ensure that advice given to customers was
suitable. It said that two reviews of sales from 2012 had found
the suitability of the advice was not clear in over half the
RBS said it had already overhauled its mortgage sales
processes in response to the FCA's findings.
($1 = 0.6042 British Pounds)
(Reporting by Matt Scuffham; Editing by Laura Noonan)