U.K.'s Financial Services Authority (FSA) fined the Credit Suisse's U.K. operations £5.6 million ($8.35 million) for breaching FSA Principles 2 and 3.

The breaches are related to the pricing of certain ABS held by the structured credit group (SCG) within Credit Suisse’s investment banking division. The SCG focuses on complex, high risk structured products.

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