Office of Financial Regulation and Supervision of the UK (Financial conduct authority, FCA) has announced a record fine Merill Lynch International for incorrect data on financial transactions.

Merrill Lynch International fine was imposed for the incorrect data on 35 million transactions, and information on another 121 thousand. Deals in general was not provided. These violations occurred in the period from November 2007 to November 2014. Bank Merrill Lynch was absorbed by Bank of America for $ 50 billion in 2008

In an accompanying press release, the British regulator says:

"The size of the penalty reflects the seriousness of the offense of Merrill Lynch, and the failure to solve this problem for several years. Accurate and timely reporting of transactions is crucial for us, as it is required for effective monitoring of domestic trade and market regulation."

Recall that the FCA was presenting fines for violations of the mapping data 11 other companies: Barclays, City Index, Commerzbank, Credit Suisse, Deutsche Bank, Instinet, Getco, Societe Generale, James Sharp & Co, Plus500UK and Royal Bank of Scotland (RBS). The highest fine was imposed in 2013. RBS

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Merrill Lynch - until 2008, a major US investment bank (financial conglomerate), was subsequently acquired by Bank of America and is now a division of the bank (Bank of America Merrill Lynch). Founded in 1914 by Charles Merrill and Edmund Lynch.

In September 2008, Bank of America bought Merrill Lynch for $ 50 billion (almost double the current market capitalization at the time of the announcement)

Merrill Lynch - one of the leaders in the world of investment banking. In the 36 bank offices around the world (including the office in Moscow) has about 54,000 employees. Until 2008, the largest investment bank in the world.