UPDATE 2-UK watchdog fines BoA's Merrill Lynch $20 million for reporting failures

April 22, 2015 9:41 AM

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* Bank says problems dealt with as quickly as possible (Adds Bank of America statement, more detail)

LONDON, April 22 (Reuters) - Britain's markets regulator has fined Bank of America Merrill Lynch a record 13.2 million pounds ($20 million) for failing to report transactions properly over seven years.

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