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U.K.'s Financial Conduct Authority imposed 10 fines worth more than £319 million ($401 million) on companies in the first half of this year amid increased pressure over its alleged failure to protect customers, The Guardian reported. The total fine so far this year exceeded more than five times the amount of fines for 2018 and outstripped the combined total of £311 million for the previous three years.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees