Chart of the Day
Posted at 3:15 p.m. on Oct. 24, 2013
– The Economist charts the billions of dollars of reported financial settlements secured by the government against various financial institutions, breaking it up by year and bank.
“Since 2008 financial firms have agreed to over $95 billion in mortgage-related penalties. But things could get worse. Bank of America may soon reach a $6 billion settlement with housing regulators. And JPMorgan’s announcement may not stop ongoing criminal probes into its mortgage activities.”