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UK Banks: What they owe in fines and legal costs

THE O BANKS j What they owe in expenses and legal costs fined £500 million for Forex rigging BARCLAYS £ %24 £2.4BN £37,745,000 £1.2 bn $450,000,000 fined for failing to protect clients' estimated legal costs & fines as of August 2014 for fixing the Libor inter-bank lending rate net earnings for 2014 £216 million for Forex HSBC rigging £7.33BN %24 pre-tax profits in the first half of 2014 $1.9 billion £2.1 billion $1.65 billion to US authorities in 2012 for money- laundering set aside for PPI repayments spent on legal & restructuring costs in 2014 £105 million for Libor LLOYDS BANKING GROUP rigging £8.63BN O pre-tax profits for first half of 2014 £2.7 million £600 million £10.5 billion for general mis-selling increase in PPI fines total set aside by the banks for PPI costs as of 2014 of financial products. in 2014 fined £56 million for *RBS computer failures The Royal Bank of Scotland £2.65BNO £391 million 14. 5 million £1.3 billion pre-tax profits for first half of 2014 failure to give proper advíce to mortgage customers set aside for interest rate swaps for LIBOR settlement

UK Banks: What they owe in fines and legal costs

shared by SallyBraith on Jan 16
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UK banks have left themselves open to any number of fines and litigation costs in the years since the financial crisis of 2007-8, with the subsequent bank bailout highlighting key systemic weaknesses ...


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