British watchdog fines Goldman Sachs 17.5 million pounds

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Britain's financial watchdog said on Thursday it had fined Wall Street bank Goldman Sachs 17.5 million pounds (27 million dollars) for not providing it with information linked to US fraud charges.

The Financial Services Authority said the fine, equivalent to 21 million euros, was for "weaknesses in controls resulting in failure to provide FSA with appropriate information".

© 2010 AFP

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