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UK regulators fine RBS US$88m for computer glitch

CEO McEwan said the bank will put £750 million over three years into improving its IT system under a plan to return the bank to full private ownership


BRITISH regulators have fined Royal Bank of Scotland Group plc US$88 million (S$114.4 million) for the 2012 collapse of its computer system that left 6.5 million customers without access to their accounts for weeks.

Britain's largest taxpayer-owned bank will pay the