Latest Banking
- Threat of cash crash as one in three blocked from paying with notes and coins during pandemic
- Teleperformance comments on UK bank branch closures and digitisation
- Manufacturers outperform other sectors, amid better growth expectations for 2021 says Lloyds UK Recovery Tracker
- UK Finance says lenders continue commitment to supporting mortgage customers into 2021
- Credit market regaining strength but limits still sliding says Equifax
- Bank of England publishes scenario for 2021 Stress Test
- The UK retains its crown as Europe’s capital for FinTech investment expired
- Paymentology selected to join Mastercard’s Fintech Express and Engage Programmes expired
- finleap connect partners with SIA to deliver new Open Banking services in Europe expired
- Stanhope Financial Group launches SH Capital Ltd in Dubai to empower SMEs with global banking services expired
- PRA publishes CP3/21-Depositor Protection: Identity verification Consultation Paper 3/21 expired
- Moneyfacts says top UK savings deals cut in half over the past year expired
12th January 2021
Banks worldwide amass $14bn in fines in 2020-US banks account for 78%
Trend
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.
Finbold Trends(3 articles)
Market information & research(3892 articles)
