|
Finbold's Bank Fines Report* uncovered that banks paid $4.5 billion in major fines worldwide throughout 2024. The country that levied the most was the United States, which ordered banks to pay a total of $4.08 billion—90.67% of the $4.5 billion total—across 19 penalties. The United Kingdom took second place, levying the payment of $261.68 million across 10 fines.
These are the biggest bank fines of 2024
The bank fined the most was the Toronto-Dominion Bank (TD Bank), which was fined $3.09 billion due to a multi-agency investigation into improper controls that enabled the corporation's American subsidiary to launder illicit funds. The penalties levied against TD Bank announced on October 10, account for 68.67% of all 2024 fines in the...
|