Settlements and Fines from TBTF Institutions Since the Crisis

StalingradandPoorski's picture

Let's
take a look at the amount of settlements/fines from various banks and financial
institutions around the world since the crisis. There are probably a lot of
settlements/fines I have missed, frankly the amount below is already
staggering, so this is a very rough estimate. Some perspective, most of these
individual banks have now paid more in fines then the value of most countries
GDP's. Total tally from the listed Fines/Settlements below is $170,702,800,000.
Reminder: Jail time served by any board members or CEO's of the following TBTF
list=0. #FreeCorzine. Meanwhile, Supreme Leader Obama is going on and on about
making the system "fair" and for the people to stop being so
"cynical" and instead be more "hopeful," while the same
people who caused the last financial crisis are the same people still in
charge. 

 

2006

*AIG
1.6 Billion Settlement with SEC, New York State over securities fraud

2008 

*Bank
of America $8.4 Billion Countrywide Predatory Lending Settlement

2010 

*Goldman
Sachs $550 Million Settlement to SEC for Subprime Mortgage CDO

 

2011 

*KPMG
$37 Million Settlement over Auditing at Wachovia

*Wells
Fargo $590 Million Settlement in Claims over Wachovia

*Bank
of America $8.5 Billion Settlement with BNY Mellon over Mortgages

*Bank
of America $1.6 Billion Assuared Guarantee Settlement

*Bank
of America $1.5 Billion Fannie Mae Settlement 

*Citigroup
$285 Million Settlement with SEC over Fraud Charges

*UBS
$2.5 Million Fine to FINRA over Lehman Notes

 

2011 Total $12,514,000,000

 

2012 

*Deutsche
Bank $202 Million to Settle Misleading Department of Housing and Urban
Development on Mortgages

*JPM
$1.8 Billion Settlement Nationwide Settlement over Improper Foreclosures

*JPM
$269.9 Million Settlement with SEC over Creation and Underwriting of MBS

*JPM
$20 Million Settlement Mishandling of Lehman Funds

*Ally/GMAC,
BofA, Citi, JPM, Wells Fargo $25 Billion National Mortgage Settlement

*UBS
1.5 Billion Settlement over Rate Rigging 

*Barclays
$453 Million Settlement over Libor Probe

*Bank
of America $2.4 Billion Merrill Lynch Securities Fraud Settlement

*Bear
Stearns $275 Million Settlement with Shareholders

2012 Total $31,919,000,000

 

2013 

*JPM
$13 Billion Civil Settlement with Justice Department for Mortgage Lending
Practices

*JPM
$110 Million Settlement on manipulation of Japanese version of Libor 

*JPM
$4.5 Billion to 21 Institutional Investors to Settle losses tied to
Mortgage-Backed Securities

*JPM
$100 Million Settlement to CFTC for London Whale Trades 

*JPM
$920 Million Settlements with OCC, SEC, FED, UK Fin. Conduct Authority over
London Whale

*JPM
$410 Million Settlement over California Electricity Rigging

*JPM
$5.1 Billion FHFA Settlement

*Deutsche
Bank $1.9 Billion Settlement with FHFA

*Deutsche
Bank €725 Million Settlement for Euribor and Yen Libor
Rigging

*Bank
of America $11.2 Billion Fannie Mae Settlement

*Bank
of America $2.9 Billion Settlement with FED and OCC

*Bank
of America $1.7 Billion MBIA Settlement

*Bank
of America $131.8 Million SEC Settlement over Mortgage Deals

*Societe
Generale €446 Million Settlement Euribor
Manipulation 

*RaboBank
$475 Million Settlement over Libor Manipulation

*UBS
$885 Million Settlement over FHFA Lawsuit

*RBS €391 Million Interest Rate Rigging

*Goldman
Sachs & Morgan Stanley $557 Million Settlement over Foreclosures 

*Wells
Fargo $541 Million Fannie Mae Loan Settlement 

*MF
Global $100 Million to CFTC

*Citigroup
$3.5 Billion FHFA Settlement

2013 Total $49,591,800,000

2014  

*JPM
$2.6 Billion Settlement related to Madoff Fraud

*Morgan
Stanley $1.25 Billion Mortgage Settlement 

*Bank
of America $6.3 Billion Settlement of Mortgage Securities Suit

*Citi
$7 Billion Settlement for Mortgage Probe 

*US
Bancorp $200 Million Settlement with DOJ over bad Mortgage-Loan Apps

*Credit
Suisse $885 Million Settlement over FHFA 

*JPM
$4 Billion Settlement over FHFA Lawsuit

*Deutsche
Bank $1.9 Billion Settlement over FHFA Lawsuit

*Credit
Suisse Guilty with $2.6 Billion fine over Tax Evasion 

*Bank
of America $16.6 Million Settlement over Sanctions Violations

*Bank
of America $9.5 Billion FHFA Settlement

*Morgan
Stanley $275 Million SEC Settlement over Risky Mortgages

*Citigroup
$5 Million SEC Settlement over Lavaflow

*BNP
Paribas $8.9 Billion PLEADS GUILTY

 

Update 8/21/2014

*Bank
of America $17 Billion Settlement over U.S. Mortgage Probe

*Lloyds
$370 Million Settlement on Rate Probe

*Bank
of America $1.27 Billion Payed in regards to 'Hustle' Case

*AIG
$960 Million Settlement for misleading investors before the crisis

*Citi
$285 Million SEC Settlement Misleading investors on $1B package of Mortgage
bonds

*Deutsche
Bank, BayernLB RMNBS Settlement $810 Million

 

2014 Total $66,126,600,000

 

 

 

Total Penalties $170,702,800,000.