Large banks paid since 2007, $ 150 billion in fines – Financieele Dagblad

A whopping $ 150 billion (€ 134 billion), the ten largest banks were from Europe and the United States pay since 2009 in fines. The banks include fined for manipulating exchange rates and interest rates and money laundering. For the banks misled or not fully informing customers got together the highest fine, with $ 43 billion. This writes the British newspaper The Financial Times, following research carried out by statistics office Corlytics.

Equity

The fined banks are Barclays, Bank of America, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley and UBS. The banks had to appeal to 14% of their own funds to pay the fines.

Even banks in recent years in the Netherlands had hefty fines pay. So Rabobank paid a total of € 774 million in fines for manipulation of the Libor rate.