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Five banks slapped with biggest fines in the world

October 29, 2013 08:53 IST

Five banks slapped with biggest fines in the world

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American regulators have started imposing fines and settlements on banks related to mortgage activities.

Let's take a look at five banks that have been slapped with biggest fines and settlements.

Source: The Economist

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Image: A customer leaves Citibank's automated teller machine in Jakarta, Indonesia.
Photographs: Supri/Reuters
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Bank of America

Total fine and settlements: $47.2 billion

Overall rank in fine and settlements: 1

Bank of America, which employs more than 262,812 people, posted revenue of $83.33 billion in 2012.

Note: This $47.2 billion figure includes fines imposed on Countrywide and Merrill Lynch, divisions of Bank of America.

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Image: Customers use ATMs at a Bank of America centre in New York City's financial district.
Photographs: Brendan McDermid/Reuters

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Five banks slapped with biggest fines in the world

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JPMorgan Chase

Total fine and settlements: $22.3 billion

Overall rank in fine and settlements: 2

JPMorgan Chase, which employs more than 258,965 people, posted revenue of $97.03 billion in 2012.

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Image: A woman walks past JPMorgan Chase's international headquarters on Park Avenue in New York City.
Photographs: Andrew Burton/Reuters
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Five banks slapped with biggest fines in the world

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Wells Fargo

Total fine and settlements: $9.8 billion

Overall rank in fine and settlements: 3

Wells Fargo, which employs more than 269,200 people, posted revenue of $86.08 billion in 2012.

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Image: A customer enters the Wells Fargo bank branch in Golden, Colorado, United States.
Photographs: Rick Wilking/Reuters

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Five banks slapped with biggest fines in the world

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Citigroup

Total fine and settlements: $6.2 billion

Overall rank in fine and settlements: 4

Citigroup, which employs more than 259,000 people, posted revenue of $70.17 billion in 2012.

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Image: A Citibank sign on the side of a branch in New York City.
Photographs: Lucas Jackson/Reuters
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Goldman Sachs

Total fine and settlements: $900 million

Overall rank in fine and settlements: 5

Goldman Sachs, which employs more than 31,700 people, posted revenue of $34.16 billion in 2012.


Image: A sign shows the address of the Goldman Sachs headquarters building in New York City.
Photographs: Lucas Jackson/Reuters

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