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Event Brief

Nationwide fined £44mn over Covid furlough failings

UK regulator cites lack of effective monitoring systems for payouts.
WHO: Nationwide Building Society
WHAT: Fined £44 million for failings in monitoring transactions
WHEN: Dec 11, 2025 at 7:00 PM ET
WHERE: United Kingdom
WHY: To address issues related to fake Covid furlough payouts
Sources (1): Financial Times

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