Page 18 - The Banks Article

Diagram 9: Total Fines (11)

The FT valued bank fines at $150 billion whilst the BCG

report said fines totalled $321 billion.

The BCG number, however, included penalties for crimes
such as money laundering, terrorist financing, benchmark

interest rate rigging and violating US sanction law. According

to this calculation, European banks had paid back $118
billion, compared to $204 billion by US institutions.

Of all banks penalized since 2008, Bank of America (BofA)

was hit the hardest with fines of $56 billion as Diagram 9

shows.