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Violation Tracker Summary for Mega-Scandal

Mega-Scandal: Toxic Securities
Description: This list shows cases in which companies paid penalties of $25 million or more in cases related to the packaging and marketing of the toxic securities whose collapse precipitated the 2008-2009 financial crisis.
Penalty Total since 2000: $148,423,862,498
Number of Penalty Records: 140
Note: The totals here are adjusted to account for the fact that each current parent's entries may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. They are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the individual records list below.
Top 10 Current Parent CompaniesTotal Penalty $Number of Records
Bank of America$24,364,633,33314
UBS$21,318,433,33316
JPMorgan Chase$18,523,500,00012
Citigroup$16,081,333,33310
Deutsche Bank$13,058,133,3339
Goldman Sachs$12,580,279,16610
NatWest Group PLC$11,995,800,00013
Morgan Stanley$8,844,950,00011
Allianz$5,763,000,0001
Wells Fargo$5,230,000,0009

Individual Penalty Records:

Click on the company or penalty amount for more information on each case. Click on the current parent name to reach the summary page for that parent company.

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CompanyCurrent Parent sort iconCurrent Parent IndustryPrimary Offense TypeYearAgencyPenalty Amount
Deutsche BankDeutsche Bankfinancial servicestoxic securities abuses2017MD-AG$95,000,000
Deutsche Bank Securities, Inc. and Deutsche Bank AGDeutsche Bankfinancial servicesinvestor protection violation2008MULTI-AG$3,348,333,333
Deutsche BankDeutsche Bankfinancial servicesinvestor protection violation2012private lawsuit-federal$32,500,000
Deutsche Bank AGDeutsche Bankfinancial servicesconsumer protection violation2019private lawsuit-federal$55,000,000
Credit Acceptance CorporationCredit Acceptance Corp.financial servicesconsumer protection violation2021MA-AG$27,200,000
Citigroup Inc.Citigroupfinancial servicestoxic securities abuses2014DOJ$7,000,000,000
Citigroup Global Markets Inc. and Citigroup Alternative Investments LLCCitigroupfinancial servicesinvestor protection violation2015SEC$180,000,000
CitigroupCitigroupfinancial servicestoxic securities abuses2011SEC$285,000,000
Citigroup Inc.Citigroupfinancial servicestoxic securities abuses2010SEC$75,000,000
Citimortgage Inc. and Citibank N.A.Citigroupfinancial servicestoxic securities abuses2013FHFA$395,000,000
CitigroupCitigroupfinancial servicestoxic securities abuses2013FHFA$968,000,000
Citigroup Global Markets, Inc. and Citi Smith BarneyCitigroupfinancial servicesinvestor protection violation2008MULTI-AG$7,100,000,000
Citigroup Inc.Citigroupfinancial servicestoxic securities abuses2014MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $291,750,000
Citigroup Global Markets Inc.Citigroupfinancial servicesinvestor protection violation2010MULTI-FIN(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $100,000,000
Citigroup Global Markets Inc.Citigroupfinancial servicesconsumer protection violation2015private lawsuit-federal$78,333,333
TD Ameritrade, Inc.Charles Schwab Corp.financial servicesinvestor protection violation2009MULTI-AG$456,000,000
Barclays Bank PLCBarclaysfinancial servicestoxic securities abuses2014FHFA$280,000,000
Barclays Capital Inc.Barclaysfinancial servicestoxic securities abuses2015NCUA$325,000,000
Barclays Capital, Inc.Barclaysfinancial servicestoxic securities abuses2018USAO$2,000,000,000
Barclays Bank PLCBarclaysfinancial servicestoxic securities abuses2013MA-AG$36,100,000
Merrill LynchBank of Americafinancial servicestoxic securities abuses2013SEC$131,800,000
Bank of America CorporationBank of Americafinancial servicestoxic securities abuses2014FHFA$9,300,000,000
Bank of AmericaBank of Americafinancial servicestoxic securities abuses2011FHFA$1,300,000,000
Bank of AmericaBank of Americafinancial servicestoxic securities abuses2011FHFA$1,520,000,000
Bank of AmericaBank of Americafinancial servicestoxic securities abuses2013NCUA$165,000,000
Banc of America Securities LLCBank of Americafinancial servicesinvestor protection violation2008MULTI-AG$4,550,000,000
Bank of AmericaBank of Americafinancial servicesinvestor protection violation2012MULTI-AG$2,430,000,000
Bank of AmericaBank of Americafinancial servicesinvestor protection violation2013MULTI-AG$500,000,000
Merrill LynchBank of Americafinancial servicesinvestor protection violation2009OH-AG$475,000,000
Merrill Lynch & Co.Bank of Americafinancial servicesinvestor protection violation2008MULTI-AG$3,458,333,333
Bank of AmericaBank of Americafinancial servicesinvestor protection violation2008MULTI-FIN(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $50,000,000
Merrill LynchBank of Americafinancial servicesinvestor protection violation2008MULTI-FIN(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $125,000,000
Bank of America N.A.Bank of Americafinancial servicesconsumer protection violation2015private lawsuit-federal$34,500,000
Countrywide Financial CorporationBank of Americafinancial servicesconsumer protection violation2013private lawsuit-federal$500,000,000
Ambac Financial Group et al.Ambac Financialfinancial servicestoxic securities abuses2013USAO$101,900,000
Ally Financial Inc.Ally Financialfinancial servicestoxic securities abuses2016USAO$52,000,000
Allianz Global Investors U.S. LLCAllianzfinancial servicesinvestor protection violation2022USAO$5,763,000,000
Aurora Loan Services, LLC toxic securities abuses2018USAO$41,000,000
Lehman Brothers, Inc. investor protection violation2014WA-AG$31,300,000
RAIT Financial Trust consumer protection violation2009private lawsuit-federal$32,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.