5 Banks That Faced Biggest Fines and Settlements


Bangalore: Banks imposing fines to their customers at different levels is quite common.  But in return, banks themselves being charged with high fine might leave your eyes wide open.

Yes! Some of the well known banks across the world were levied with biggest a fine that was ever paid.

Let’s take a snapshot of these 5 banks as compiled by The Economist.

1. Bank Of America

Total Fine And Settlements: $47.2 Billion

Overall Rank In Fine And Settlements: 1

Bank Of America, one among the best banks in the world, was slapped with $47.2 billion as the total fine and settlements that the bank made.

The Bank of America is traded under NYSE, S&P 500 and has a whopping $155,461.14 capital in the Tier 1 capital and the asset worth $2,212,004.45.

In 2009, the bank held 12.2 percent of all bank deposits in the U.S., along with serving up to 80 percent of the customers in the retail banking.