Page 9 - Record Fine News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> the department of justice proudly announced the bank agreed to pay total of $1.9 billion, which was a record fine. it amounted to five weeks worth of income for the bank and no criminal charges were announced. a decision attributed to concerns that charges could jeopardize the bank and potentially the entire global financial system. general eric holder, instructing prosecutors to consider the collateral consequences of a corporate criminal conviction in determines whether to charge the corporation with a criminal offense. in other words, try to avoid corporate prosecutions because they coul...

Papers, the bank admits to almost going out of its way to act as a financial clearinghouse for international pariahs and drug dealers. >> in late 2012, british banking giant accepted responsibility for a wide range of criminal activities. including illegally conducting hundreds of millions of dollars of interactions for iran, libya and other countries and allowing drug cartels to launder $8 million in drug trafficking money. >> these traffickers didn't have to try very hard. they would sometimes deposit hundreds of thousands of dollars in cash in a single day, into a single account, using boxe...