HSBC was fined for money laundering activities tied to drug cartels in Mexico and terror-linked groups in Saudi Arabia in December 2012. .
1. $1.9 billion, HSBC —
HSBC was fined for money laundering activities tied to drug cartels in Mexico and terror-linked groups in Saudi Arabia in December 2012. .
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Standard Chartered was levied the fine on August and December 2012 for violating U.S. sanctions on transactions with Iran, Burma, Libya and Sudan.
2. $667 million, Standard Chartered —
Standard Chartered was levied the fine on August and December 2012 for violating U.S. sanctions on transactions with Iran, Burma, Libya and Sudan.
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In June 2012. ING Group was charged for covering up fund transfers in violation of U.S. sanctions against Cuba and Iran.
3. $619 million, ING Group —
In June 2012. ING Group was charged for covering up fund transfers in violation of U.S. sanctions against Cuba and Iran.
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Swiss banking giant Credit Suisse was penalized for allowing clients in Iran, Libya, Sudan, Myanmar and Cuba to conduct financial transactions.
4. $536 million, Credit Suisse —
Swiss banking giant Credit Suisse was penalized for allowing clients in Iran, Libya, Sudan, Myanmar and Cuba to conduct financial transactions.
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Barclays Banking Group faced the fine for rigging the Californian electricity market in November 2012.
5. $470 million, Barclays —
Barclays Banking Group faced the fine for rigging the Californian electricity market in November 2012.
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The group was charged for manipulating bank Libor rates in June 2012.
6. $450 million, Barclays —
The group was charged for manipulating bank Libor rates in June 2012.
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Allowing Iranian and Sudanese clients access to the U.S. banking system cost Lloyds TSB Group the hefty sum in January 2009.
7. $350 million, Lloyds TSB Group —
Allowing Iranian and Sudanese clients access to the U.S. banking system cost Lloyds TSB Group the hefty sum in January 2009.
Bank of America was fined in February 2012 for charging discriminatory lending rates to African American and Latino borrowers.
8. $335 million, Bank of America —
Bank of America was fined in February 2012 for charging discriminatory lending rates to African American and Latino borrowers.
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Barclays was fined earlier in August 2010 for allowing client payments from Cuba and Sudan.
9. $298 million, Barclays —
Barclays was fined earlier in August 2010 for allowing client payments from Cuba and Sudan.
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In February 2012, JPMorgan Chase was levied for problems in its mortgage servicing business.
10. $275 million, JPMorgan Chase —
In February 2012, JPMorgan Chase was levied for problems in its mortgage servicing business.
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The Royal Bank of Scotland was forced to pay the amount in June 2012 for manipulating bank Libor rates.
11. $233 million, Royal Bank of Scotland —
The Royal Bank of Scotland was forced to pay the amount in June 2012 for manipulating bank Libor rates.
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Ally Financial, based at the Renaissance Center in Detroit, Michigan, was also charged in February 2012 for problems in mortgage servicing business.
12. $207 million, Ally Financial —
Ally Financial, based at the Renaissance Center in Detroit, Michigan, was also charged in February 2012 for problems in mortgage servicing business.
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