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
Five banks slapped with biggest fines in the world
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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
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
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
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
Five banks slapped with biggest fines in the world
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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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