Banks Paid Nearly $11 Billion In Fines In 2012

From ThinkProgress Fri Dec 28 2012, 12:00:30

Major banks this year paid $10.7 billion in fines for a host of transgressions, including money laundering and foreclosure fraud. As CNN Money noted, "Slightly more than half of the fines were related to improper mortgage practices." However, those fines won't put much of a dent in the financial sector's bottom line, as "Thomson Reuters [...]

[view whole blog post ]
 See More    |     Report Abuse



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!