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Chief executive of Wyelands Bank, part of steel magnate Sanjeev Gupta’s empire, found to have committed ‘serious’ rule breaches
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The former boss of a bank linked to steel magnate Sanjeev Gupta has been fined nearly £120,000 for not managing the troubled lender’s exposure properly.
Iain Mark Hunter, the former chief executive of Wyelands Bank, will pay a fine of £118,808 for failing to ensure the lender had adequate systems and controls, the Bank of England said on Thursday.
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