This has resulted in substantial fines that have brought attention to the banking industry's broader challenges in combating related offenses.
According to data compiled by Finbold, from 2000 to 2024, JPMorgan incurred fines totaling USD 39.34 billion for various violations. The largest fine, amounting to USD 13.46 billion, was related to toxic securities abuses. Failure to comply with investor protection policies resulted in a fine of USD 6.25 billion, followed by USD 5.36 billion for mortgage abuses. Additionally, banking violations led to fines totaling USD 4.26 billion during the same period.
A breakdown of offense categories reveals that financial violations accounted for the highest amount, totaling USD 26.66 billion across 117 records, followed by consumer protection at USD 8.62 billion from 63 records. As documented in 28 records, competition-related violations amount to USD 2.48 billion, while government-contracting violations stand at USD 0.61 billion from a single record. Employment-related offenses rank fifth, totaling USD 0.52 billion from 50 records.
Understanding JPMorgan's hefty fines
Diese Geschichte stammt aus der March 2024-Ausgabe von Business Today Sri Lanka.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 2024-Ausgabe von Business Today Sri Lanka.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
India leads the World in Business Trust, Surpassing the United States and Europe by 30 percent
While the United States boasts the world's largest and most valuable companies in technology, finance, and healthcare, Japan shines as a leader in automotive, electronics, and industrial manufacturing, and Germany is known for engineering, automotive, and industrial manufacturing excellence, none of these countries come close to India when it comes to business trust.
Sri Lanka Ready to Open Markets for India: President Anura Kumara Dissanayake at the India-Sri Lanka Business Forum
President of Sri Lanka, Anura Kumara Dissanayake, and Piyush Goyal, Minister of Commerce & Industry, Government of India, addressed the India-Sri Lanka Business Forum in New Delhi. The event, held during President Dissanayake's State Visit to India, brought together key stakeholders to explore opportunities for economic collaboration and investment between the two nations.
China's Women in Charge
The document titled \"China's T FINN Women in Charge\" by ILTM Asia Pacific in collaboration with Partners provides a comprehensive analysis of the travel preferences and behaviors of affluent female Chinese travelers. This study highlights significant trends shaping the luxury travel market in China, driven by the preferences and priorities of wealthy, independent women.
People's Leasing & Finance Delivers Exceptional 42.4 Percent Profit Growth for First Half FY 2024/25
People's Leasing & Finance has once again strengthened its reputation as one of Sri Lanka's leading Non-Banking Financial services providers, delivering an impressive financial performance for the first six months of FY 2024/25, ending September 30, 2024.
Leading Idea Group to New Heights
In March 2024, Dilhani Weerarathna rejoined Idea Group as its CEO during a challenging period. Her leadership has been pivotal in placing the company on a sustainable growth trajectory. Her entrepreneurial spirit, unyielding determination, and deep commitment shaped her remarkable journey from accounts executive to CEO. Today, under her guidance, Idea Group is on the path to achieving long-term success and expansion. Speaking with Business Today, Dilhani Weerarathna said that Idea Group has demonstrated the power of positive thinking, innovation, and hands-on leadership. With her vision and unwavering commitment, Idea Group is well on its way to becoming a leading player in Sri Lanka's construction industry, poised for even greater success in the future.
Vallibel Finance: Surpassing Rupees 100 Billion Milestone
Vallibel Finance, a prime example of rapid growth and dynamism, has recently surpassed a milestone by achieving over 100 billion rupees in assets.
SoftBank's USD 100 Billion Investment in the U.S.
In December 2024, Masayoshi Son, CEO of Japan's SoftBank Group, announced a groundbreaking USD 100 billion investment in U.S. technology and infrastructure. The announcement, made alongside former President Donald Trump at Mar-a-Lago, captured international attention for its scale and potential economic impact.
Jerome Fernando: a Preacher who Captivates, Heals, and Inspires
Jerome Fernando is a Christian leader with many titles, and his name is widely recognized. Known as a preacher in the spotlight, he has faced his share of criticism, but has never wavered or stopped delivering his message. Jerome claims to speak directly to people's hearts, and his greatest strength lies in his ability to remain relevant. He goes beyond just words, reaching out to heal and meet the needs of those who listen.
HNB records a Group PBT of 38.7 billion rupees for the first nine months of 2024
HNB Group recorded a PAT of 23.7 billion rupees growing by 26 percent YoY, while the Bank's Profit After Tax increased by 34 percent YoY to 22.2 billion rupees for the nine months ended September 2024.
Donald Trump's AmericaFest Speech: Rallying the 'America First' Vision for His Second Term
The speech took place against the backdrop of a highly energized crowd of young conservatives, energized by Turning Point USA (TPUSA), a key supporter of Trump's political campaigns. The audience of over 12,000 attendees symbolized the growing influence of youth activism in conservative politics.
