List of the highest penalties against banks
This list includes the highest penalties imposed on banks by law enforcement agencies and financial regulators . The list is incomplete and pre-sorted according to the amount of the fine.
| year | Bank | country | Reason for the proceedings | output |
|---|---|---|---|---|
| 2019 | Barclays , RBS , Citigroup , JPMorgan MUFG | EU | (illegal) agreements in foreign exchange trading (banking cartel) | Penalty payment of € 210 million (Barclays),
Fine of € 249 million (RBS) Penalty of € 310 million (Citigroup) Fine of € 228 million (JPMorgan) Penalty of € 69 million (MUFG) |
| 2017 | Deutsche Bank | USA, UK | Involvement in money laundering and tax evasion ( Russian laundromat ) | Penalty of $ 425 million
Fine of £ 163 million |
| March 2014 | Credit Suisse | United States | Federal Housing Finance Agency (FHFA) allegation: sale of securitized real estate loans (RMBS) worth around 16.6 billion dollars to state real estate financiers Fannie Mae and Freddie Mac with false information about the quality of the underlying loans. | Penalty of $ 885 million |
| December 2013 | Royal Bank of Scotland | United States | Years of circumvention of foreign trade sanctions against Iran, Burma, Sudan and Cuba | Fine of $ 100 million |
| December 2013 | Deutsche Bank | EU | Manipulation of the Libor | Penalty of 725 million euros |
| December 2013 | Deutsche Bank | United States | Manipulation of the Libor | Fine of $ 1.9 billion |
| December 2012 | HSBC | United States | Money laundering in connection with drug trafficking and terrorism donors | Fine of $ 1.9 billion |
| September 2013 | JPMorgan Chase | US, UK | Deficiencies in internal controls and incorrect disclosures in transactions | Fine of $ 920 million |
| December 2012 | UBS | USA, UK, Switzerland | Years of manipulation of the Libor | 1.4 billion francs fine after settlement |
| February 2013 | Royal Bank of Scotland | US, UK | Years of manipulation of the Libor | Penalty of $ 612 million |
| December 2012 | Standard Chartered | United States | Money laundering for Iranian customers | Fine of $ 340 million |
| June 2012 | Barclays Bank | UK | Years of manipulation of the London interbank Libor rate | Penalty of £ 290 million |
| December 2011 | Countrywide Financial (subsidiary of Bank of America ) | United States | Indictment: The company allegedly charged higher interest rates from black citizens than from white citizens | The case was dismissed for a payment of $ 335 million |
| October 2011 | Citigroup | United States | Securities and Exchange Commission fraud charges related to the sale of mortgage bonds in the run-up to the financial crisis | The case was closed for a payment of $ 285 million |
| September 2011 | Credit Suisse | Germany | Charged with aiding and abetting tax evasion in Germany | The proceedings were terminated against a payment of 150 million euros |
| May 2011 | UBS | United States | US municipal bond auction fraud, manipulation of the bidding process between 2001 and 2006 | $ 160 million fine |
| February 2011 | Deutsche Bank | South Korea | Deutsche Bank has violated regulations by placing large blocks of shares. | Penalty 640,000 euros and exclusion from proprietary trading and trading in financial derivatives for six months in South Korea. |
| April 2015 | Deutsche Bank | United States | Manipulation of the Libor | $ 2.5 billion fine |
See also
Individual evidence
- ↑ European Commission - PRESS RELEASES - Press release - Antitrust: Commission fines Barclays, RBS, Citigroup, JPMorgan and MUFG € 1.07 billion for participating in foreign exchange spot trading cartel. Retrieved May 20, 2019 .
- ↑ a b c d e FAZ, Bankenstrafen-Ticker , version from February 26, 2015, accessed on February 28, 2015
- ↑ Handelsblatt, Credit Suisse Fines $ 885 million , March 21, 2014
- ↑ FAZ EU imposes a fine of 1.7 billion euros on banks
- ↑ FAZ, Deutsche Bank pays 1.4 billion euros , December 20, 2013
- ↑ FAZ, major bank HSBC pays record fine in money laundering scandal , December 11, 2012
- ↑ FAZ, million fine for JP Morgan , September 19, 2013
- ↑ FAZ, UBS pays a fine of 1.4 billion francs , December 19, 2012
- ↑ FAZ, RBS has to pay a heavy fine , February 6, 2013
- ^ FAZ, British Bank Pays $ 340 million , August 14, 2012
- ↑ FAZ, Bank of America has to pay $ 335 million , December 21, 2011
- ^ FAZ, Citigroup pays $ 285 million fine , October 20, 2011
- ^ FAZ, Credit Suisse is buying itself free , September 19, 2011
- ^ SPIEGEL ONLINE, Hamburg Germany: Affair about interest rate manipulation: Deutsche Bank pays record fine in Libor scandal - SPIEGEL ONLINE - Economy. Retrieved June 9, 2017 .