12th January 2021

Banks worldwide amass $14bn in fines in 2020-US banks account for 78%

Data acquired from the Bank Fines Report 2020 by Finbold.com indicates a total of $14.21bn in aggregated bank fines last year.

According to the findings, the US accounts for the highest fines at $11.11bn or 78.18% of the issued fines. The fines emanated from 12 cases. Australia ranks second with $981.06m in fines from three cases. Israel ranks third with $902.59m in bank fines from a single case. Sweden had $539.66m in fines to rank fourth with two cases, while Germany follows with $215.91m with four cases.

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