Dark clouds move over London's financial district Canary Wharf in London, Tuesday, Aug. 25, 2015. (AP Photo/Frank Augstein)
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A public review of Britain's banking culture has been scrapped just months after it was announced, with the U.K. regulator saying Thursday it had opted instead to work with lenders individually to address any concerns.It follows the departure of Martin Wheatley, seen by some in the sector as a regulatory hardliner, as the FCA's chief executive in July, and a dilution of impending rules to hold senior bankers to account for regulatory breaches.However, public antipathy to the industry remains high as banks globally fight to improve their reputation after market-rigging scandals, including in currency rates and interest rate benchmarks, which have led to multi-million pound fines for the likes of Barclays and HSBC.The FCA said in a statement that a focus on culture in financial services is still one of its priorities.
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