So who gets all the dosh?

[RHB]

The latest financial Authority fine imposed against Lloyds Banks is £117million

http://www.bbc.co.uk/news/business-33018200

Anyone know what happens to all these fines collected, there seems to be some pretty big figures being accumulated.

 

[Mad Cyril]

The latest financial Authority fine imposed against Lloyds Banks is £117million

http://www.bbc.co.uk/news/business-33018200

Anyone know what happens to all these fines collected, there seems to be some pretty big figures being accumulated.

They go in a massive Quality Street tin in a secure location.

 

[RHB]

Wish I had your insider knowledge. You must be a closet banker.

 

[Yorkshire Blue]

The latest financial Authority fine imposed against Lloyds Banks is £117million

http://www.bbc.co.uk/news/business-33018200

Anyone know what happens to all these fines collected, there seems to be some pretty big figures being accumulated.

Basically the Treasury.

I think some of it maybe knocked off the amount regulated institutions are charged in order to be allowed to do business, but essentially it goes to the Treasury. Cameron as part of his Big Society thing did commit to pass a certain amount of this onto charity.

 

[essexshrimper]

I understand some of it (25%) goes to Forces Charities...