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But look at Bank of America[0]. 4x that meager $22B of WFC. Or Chase[1], which is only slightly worse than WFC. BK and USB are almost poster childs with only ~1

by rixrax 4y ago

But look at Bank of America[0]. 4x that meager $22B of WFC. Or Chase[1], which is only slightly worse than WFC. BK and USB are almost poster childs with only ~1B of penalties each[2][3]. [0] https://violationtracker.goodjobsfirst.org/?parent=bank-of-america&order=penalty&sort=desc https://violationtracker.goodjobsfirst.org/?parent=bank-of-a... [1] https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase https://violationtracker.goodjobsfirst.org/parent/jpmorgan-c... [2] https://violationtracker.goodjobsfirst.org/parent/us-bancorp https://violationtracker.goodjobsfirst.org/parent/us-bancorp [3] https://violationtracker.goodjobsfirst.org/parent/bank-of-new-york-mellon https://violationtracker.goodjobsfirst.org/parent/bank-of-ne...

anonu 4y ago
It's viewed as the "cost of doing business"
- throw101010 4y ago
  And a good way for governments to take their share on the violations/crimes these bankers are committing.
smallerfish 4y ago
...and then look at (for example) Charles Schwab, fined "only" $833M in that time period, with over half of that coming from TD Ameritrade, with the offense prior to acquisition. There are much less predatory institutions out there.