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Bank of London Fined £2 Million for Integrity Breaches

3/25/2026

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Summary

Story summary

The Bank of London and its parent company Oplyse Holdings were fined £2 million by the Bank of England's PRA for integrity breaches and for misleading the regulator.
The breaches would have warranted £12 million, but the PRA reduced the fine due to financial hardship.
The Bank of London, launched in 2021, posted £24 million in losses in 2024.
New management pledges to improve governance and maintain transparency with regulators.

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Story summary

The Bank of London and its parent company Oplyse Holdings were fined £2 million by the Bank of England's PRA for integrity breaches and for misleading the regulator.
The breaches would have warranted £12 million, but the PRA reduced the fine due to financial hardship.
The Bank of London, launched in 2021, posted £24 million in losses in 2024.
New management pledges to improve governance and maintain transparency with regulators.