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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 ParentCurrent Parent IndustryPrimary Offense TypeYearAgencyPenalty Amount sort icon
JPMorgan ChaseJPMorgan Chasefinancial servicestoxic securities abuses2013DOJ$13,000,000,000
UBS Securities LLC and UBS Financial Services, Inc.UBSfinancial servicesinvestor protection violation2008MULTI-AG$11,150,000,000
Bank of America CorporationBank of Americafinancial servicestoxic securities abuses2014FHFA$9,300,000,000
Deutsche BankDeutsche Bankfinancial servicestoxic securities abuses2017DOJ_CIVIL$7,200,000,000
Citigroup Global Markets, Inc. and Citi Smith BarneyCitigroupfinancial servicesinvestor protection violation2008MULTI-AG$7,100,000,000
Citigroup Inc.Citigroupfinancial servicestoxic securities abuses2014DOJ$7,000,000,000
Allianz Global Investors U.S. LLCAllianzfinancial servicesinvestor protection violation2022USAO$5,763,000,000
Royal Bank of Scotland PLCNatWest Group PLCfinancial servicestoxic securities abuses2017FHFA$5,500,000,000
Credit SuisseUBSfinancial servicestoxic securities abuses2017DOJ_CIVIL$5,280,000,000
Goldman SachsGoldman Sachsfinancial servicestoxic securities abuses2016DOJ$5,060,000,000
Royal Bank of Scotland Group plcNatWest Group PLCfinancial servicestoxic securities abuses2018DOJ_CIVIL$4,900,000,000
Banc of America Securities LLCBank of Americafinancial servicesinvestor protection violation2008MULTI-AG$4,550,000,000
Morgan StanleyMorgan Stanleyfinancial servicesinvestor protection violation2008MULTI-AG$3,535,000,000
JP Morgan Chase & Co.JPMorgan Chasefinancial servicesinvestor protection violation2008MULTI-AG$3,525,000,000
Merrill Lynch & Co.Bank of Americafinancial servicesinvestor protection violation2008MULTI-AG$3,458,333,333
Goldman Sachs Group, Inc.Goldman Sachsfinancial servicesinvestor protection violation2008MULTI-AG$3,355,833,333
Deutsche Bank Securities, Inc. and Deutsche Bank AGDeutsche Bankfinancial servicesinvestor protection violation2008MULTI-AG$3,348,333,333
Goldman Sachs & Co.Goldman Sachsfinancial servicestoxic securities abuses2014FHFA$3,150,000,000
Morgan StanleyMorgan Stanleyfinancial servicestoxic securities abuses2016DOJ$2,600,000,000
Bank of AmericaBank of Americafinancial servicesinvestor protection violation2012MULTI-AG$2,430,000,000
Wells Fargo Bank, N.A.Wells Fargofinancial servicestoxic securities abuses2018DOJ_CIVIL$2,090,000,000
Barclays Capital, Inc.Barclaysfinancial servicestoxic securities abuses2018USAO$2,000,000,000
Deutsche Bank AGDeutsche Bankfinancial servicestoxic securities abuses2013FHFA$1,925,000,000
Bank of AmericaBank of Americafinancial servicestoxic securities abuses2011FHFA$1,520,000,000
General ElectricGeneral Electricdiversifiedtoxic securities abuses2019DOJ_CIVIL$1,500,000,000
UBS AGUBSfinancial servicestoxic securities abuses2023DOJ_CIVIL$1,435,000,000
Wells FargoWells Fargofinancial servicesinvestor protection violation2009CA-AG$1,400,000,000
Standard & Poor's Financial Services LLCS&P Globalinformation technologytoxic securities abuses2015DOJ$1,375,000,000
Bank of AmericaBank of Americafinancial servicestoxic securities abuses2011FHFA$1,300,000,000
Morgan StanleyMorgan Stanleyfinancial servicestoxic securities abuses2014FHFA$1,250,000,000
JPMorgan ChaseJPMorgan Chasefinancial servicestoxic securities abuses2013MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $1,066,000,000
CitigroupCitigroupfinancial servicestoxic securities abuses2013FHFA$968,000,000
Credit SuisseUBSfinancial servicestoxic securities abuses2014FHFA$885,000,000
UBS Americas Inc.UBSfinancial servicestoxic securities abuses2013FHFA$885,000,000
Wells Fargo Bank, National AssociationWells Fargofinancial servicestoxic securities abuses2013FHFA$869,000,000
Moody's CorporationMoody'sinformation technologytoxic securities abuses2017DOJ_CIVIL$864,000,000
RBC Capital Markets CorporationRoyal Bank of Canadafinancial servicesinvestor protection violation2008MULTI-AG$859,800,000
HSBCHSBCfinancial servicestoxic securities abuses2018USAO$765,000,000
Standard & Poor's Financial Services LLCS&P Globalinformation technologytoxic securities abuses2015MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $687,500,000
Wells FargoWells Fargofinancial servicestoxic securities abuses2013FHFA$591,000,000
Goldman Sachs & Co.Goldman Sachsfinancial servicestoxic securities abuses2010SEC$550,000,000
HSBC North America Holdings Inc.HSBCfinancial servicestoxic securities abuses2014FHFA$550,000,000
Morgan StanleyMorgan Stanleyfinancial servicestoxic securities abuses2016NY-AG$550,000,000
JPMorgan Chase & Co.JPMorgan Chasefinancial servicesconsumer protection violation2015private lawsuit-federal$505,000,000
Bank of AmericaBank of Americafinancial servicesinvestor protection violation2013MULTI-AG$500,000,000
Royal Bank of ScotlandNatWest Group PLCfinancial servicestoxic securities abuses2018NY-AG$500,000,000
Countrywide Financial CorporationBank of Americafinancial servicesconsumer protection violation2013private lawsuit-federal$500,000,000
Credit Suisse Securities (USA) LLC et al.UBSfinancial servicesinvestor protection violation2022NJ-AG$495,000,000
Merrill LynchBank of Americafinancial servicesinvestor protection violation2009OH-AG$475,000,000
TD Ameritrade, Inc.Charles Schwab Corp.financial servicesinvestor protection violation2009MULTI-AG$456,000,000
UBSUBSfinancial servicestoxic securities abuses2017NCUA$445,000,000
Moody's CorporationMoody'sinformation technologytoxic securities abuses2017MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $426,500,000
Citimortgage Inc. and Citibank N.A.Citigroupfinancial servicestoxic securities abuses2013FHFA$395,000,000
JPMorgan Chase & Co.JPMorgan Chasefinancial servicesconsumer protection violation2015private lawsuit-federal$388,000,000
Barclays Capital Inc.Barclaysfinancial servicestoxic securities abuses2015NCUA$325,000,000
State Street Bank and Trust CompanyState Street Corp.financial servicesinvestor protection violation2010SEC$313,300,000
J.P. Morgan Chase & Co.JPMorgan Chasefinancial servicestoxic securities abuses2013CA-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $298,973,000
J.P. Morgan Securities LLCJPMorgan Chasefinancial servicestoxic securities abuses2012SEC$296,900,000
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
CitigroupCitigroupfinancial servicestoxic securities abuses2011SEC$285,000,000
Barclays Bank PLCBarclaysfinancial servicestoxic securities abuses2014FHFA$280,000,000
JPMorgan Chase & Co.JPMorgan Chasefinancial servicesconsumer protection violation2015private lawsuit-federal$280,000,000
Morgan StanleyMorgan Stanleyfinancial servicestoxic securities abuses2014SEC$275,000,000
Bear StearnsJPMorgan Chasefinancial servicesinvestor protection violation2012MI-AG$275,000,000
Royal Bank of Scotland GroupNatWest Group PLCfinancial servicesconsumer protection violation2014private lawsuit-federal$275,000,000
Goldman SachsGoldman Sachsfinancial servicesconsumer protection violation2016private lawsuit-federal$272,000,000
UBS Securities LLCUBSfinancial servicestoxic securities abuses2018NY-AG$230,000,000
Morgan StanleyMorgan Stanleyfinancial servicestoxic securities abuses2015NCUA$225,000,000
Goldman SachsGoldman Sachsfinancial servicestoxic securities abuses2016MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $225,000,000
Deutsche Bank AGDeutsche Bankfinancial servicestoxic securities abuses2012USAO$202,300,000
Morgan Keegan & CompanyRaymond James Financialfinancial servicestoxic securities abuses2011SEC$200,000,000
Citigroup Global Markets Inc. and Citigroup Alternative Investments LLCCitigroupfinancial servicesinvestor protection violation2015SEC$180,000,000
Bank of AmericaBank of Americafinancial servicestoxic securities abuses2013NCUA$165,000,000
RBS Securities Inc.NatWest Group PLCfinancial servicestoxic securities abuses2013SEC$153,700,000
J.P. Morgan Securities LLCJPMorgan Chasefinancial servicestoxic securities abuses2011SEC$153,600,000
Morgan StanleyMorgan Stanleyfinancial servicesinvestor protection violation2019CA-AG$150,000,000
UBS Securities LLC and UBS Financial Services Inc.UBSfinancial 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. $150,000,000
Deutsche Bank SecuritiesDeutsche Bankfinancial servicestoxic securities abuses2011NCUA$145,000,000
Merrill LynchBank of Americafinancial servicestoxic securities abuses2013SEC$131,800,000
Royal Bank of Scotland plcNatWest Group PLCfinancial servicestoxic securities abuses2015NCUA$129,600,000
Mizuho Financial GroupMizuho Financialfinancial servicesinvestor protection violation2012SEC$127,500,000
Royal Bank of ScotlandNatWest Group PLCfinancial servicestoxic securities abuses2017CA-AG$125,000,000
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
Wells Fargo Bank N.A.Wells Fargofinancial servicesconsumer protection violation2011private lawsuit-federal$125,000,000
Societe GeneraleSociete Generalefinancial servicestoxic securities abuses2014FHFA$122,000,000
Credit Suisse Securities (USA)UBSfinancial servicestoxic securities abuses2012SEC$120,000,000
RBS Securities, Inc.NatWest Group PLCfinancial servicestoxic securities abuses2016CT-AG$120,000,000
First Horizon National CorporationFirst Horizon Nationalfinancial servicestoxic securities abuses2014FHFA$110,000,000
Credit SuisseUBSfinancial servicesconsumer protection violation2016private lawsuit-federal$110,000,000
Morgan Stanley & Co.Morgan Stanleyfinancial servicestoxic securities abuses2010MA-AG$102,000,000
Ambac Financial Group et al.Ambac Financialfinancial servicestoxic securities abuses2013USAO$101,900,000
JPMorgan ChaseJPMorgan Chasefinancial servicesinvestor protection violation2013CFTC$100,000,000
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
Morgan Keegan & CompanyRaymond James Financialfinancial servicestoxic securities abuses2013MULTI-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
RBS Securities Inc.NatWest Group PLCfinancial servicestoxic securities abuses2014FHFA$99,500,000
Deutsche BankDeutsche Bankfinancial servicestoxic securities abuses2017MD-AG$95,000,000
Morgan Stanley & Co.Morgan Stanleyfinancial servicesconsumer protection violation2014private lawsuit-federal$95,000,000
Fifth Third BancorpFifth Third Bancorpfinancial servicestoxic securities abuses2015USAO$85,000,000
Branch Banking & Trust Company (BB&T)Truist Financialfinancial servicesFalse Claims Act and related2016DOJ_CIVIL$83,000,000
Citigroup Global Markets Inc.Citigroupfinancial servicesconsumer protection violation2015private lawsuit-federal$78,333,333
Goldman SachsGoldman Sachsfinancial servicesconsumer protection violation2015private lawsuit-federal$78,333,333
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.