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
Bu hikaye Business Today Sri Lanka dergisinin March 2024 sayısından alınmıştır.
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Bu hikaye Business Today Sri Lanka dergisinin March 2024 sayısından alınmıştır.
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