Monday, September 23, 2013

Five banks – Wells Fargo, JP Morgan, Citigroup, Bank of America and Ally Financial – hit in 2012 with bill totalling £15.6bn for abusing the procedures to repossess homes.
$9.3bn 13 Banks, including JP Morgan, Wells Fargo and Bank of America, ordered this year to pay equivalent in cash and other help to homeowners for abusing procedures to repossess their homes. $1.9bn
HSBC's 2012 fine for failing to prevent money laundering on a massive scale.
$1.5bn
UBS (Switzerland) was fined this much last year for manipulating Libor, the interbank lending rate.
$1.4bn
10 banks, including JP Morgan and Goldman Sachs, hit in 2003 with fines for serious conflicts of interest between their research for investors and their investment banking businesses.

1 comment:

HORST REICHENBACH said...

THERE IS NO "TROKA" ...GREECE HAS A GERMAN GOVERNOR - HORST REICHENBACH - ENOUGH LIES !!!! - Over in Greece our correspondent Helena Smith reports that the government has appealed for more time to press on with the troika’s most controversial of demands yet: public sector dismissals.

Inspectors from the EU, ECB and IMF have yet to respond, on a day in which Greek public workers protested again.

And in another worrying development, the University of Athens has suspended all its operations, saying it cannot keep functioning with so many staff laid off.

Helena writes:

Barely two days after negotiations with visiting troika representatives began, prime minister Antonis Samaras’ coalition government has upped the ante asking for yet more time to implement reforms.

At a meeting with mission heads from the EU, ECB and IMF, the administrative reform minister Kyriakos Mitsotakis appealed for a two-month extension to the deadline Athens presently has to transfer some 12,500 civil servants into a so–called mobility scheme where employees would see their salaries drastically reduced before being moved, if lucky, to another government department.

Insiders at the ministry described the atmosphere of the talks “as very positive” – in sharp contrast to the environment outside where thousands of demonstrators gathered to issue howls of protests.