Revealed: The UK's 10 biggest banking fines

As the world’s five largest banks set to fork out $5.7bn (£3.6bn) in fines

It’s a bad day for the world’s five largest banks today as they’ve been ordered to pay fines totalling $5.7bn (£3.6bn).

Take a look at the UK’s 10 biggest banking fines:

 

1. Barclays

Fine: £284.4m

Big banks prepare for extra £1bn PPI hit

Reason: Manipulating  foreign exchange markets

 

2. UBS

Fine: £233.8m

UBS

Reason: Manipulating foreign exchange markets.

 

3. Deutsche Bank

Fine: £226.8m

Deutsche Bank

Reason: Libor rigging

 

4. Citigroup

Fine: £225.5m

Citi

Reason:

Manipulating foreign exchange markets

 

5. JP Morgan

Fine: £222.1m

JP Morgan

Reason: Manipulating foreign exchange markets

 

6. RBS

Fine: £217m

RBS new

Reason: Manipulating foreign exchange markets

 

7. HSBC

Fine: £216.3m

HSBC accused of money laundering

Reason: Manipulating foreign exchange markets

 

8. UBS

Fine: £160m

UBS

Reason: London whale trades

 

9. JP Morgan

Fine: £137.6m

JP Morgan

Reason: London whale trades

 

10. BNY Mellon

Fine: £126m

BNY Mellon

The Bank of New York Mellon headquarters at 1 Wall Street, New York

Reason: Client asset failures

 

Now read:

 

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