Violation Tracker Industry Summary Page
Industry:
financial services
Penalty Total since 2000:
$330,904,834,105
Number of Records:
6,093
Note:
The totals include only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. The totals are adjusted to account for the fact that each 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 Parent Companies | Total Penalty $ | Number of Records |
|---|---|---|
| Bank of America | $82,737,699,939 | 214 |
| JPMorgan Chase | $35,744,240,670 | 158 |
| Citigroup | $25,450,155,764 | 122 |
| Wells Fargo | $21,340,036,745 | 181 |
| Deutsche Bank | $18,156,533,878 | 59 |
| UBS | $16,792,800,910 | 83 |
| Goldman Sachs | $16,365,468,987 | 44 |
| Royal Bank of Scotland | $13,455,904,000 | 27 |
| BNP Paribas | $12,132,582,950 | 17 |
| Credit Suisse | $10,410,557,626 | 32 |
Individual Penalty Records:
Click on the company or penalty amount for more information on each case. Click on the parent name to reach the summary page for that parent company.
| Company | Parent | Primary Offense Type | Year |
Agency |
Penalty Amount |
|---|---|---|---|---|---|
| Prudential Financial | Prudential Financial | wage and hour violation | 2009 | private lawsuit-federal | $11,000,000 |
| TD Ameritrade | Charles Schwab Corp. | wage and hour violation | 2009 | private lawsuit-federal | $2,500,000 |
| AXA Financial | Equitable Holdings | wage and hour violation | 2009 | private lawsuit-federal | $6,500,000 |
| A.G. Edwards | Wells Fargo | wage and hour violation | 2009 | private lawsuit-federal | $12,000,000 |
| MetLife | MetLife | wage and hour violation | 2009 | private lawsuit-federal | $7,400,000 |
| Janney Montgomery Scott | Penn Mutual | wage and hour violation | 2009 | private lawsuit-federal | $2,880,000 |
| Morgan Stanley | Morgan Stanley | wage and hour violation | 2009 | private lawsuit-federal | $50,000,000 |
| HSBC Auto Finance | HSBC | wage and hour violation | 2009 | private lawsuit-federal | $420,000 |
| Banco Popular | Popular Inc. | wage and hour violation | 2009 | private lawsuit-federal | $1,050,000 |
| Champion Mortgage and KeyBank | KeyCorp | wage and hour violation | 2009 | private lawsuit-federal | $1,200,000 |
| Home Loan Center Inc. | LendingTree | wage and hour violation | 2009 | private lawsuit-federal | $2,500,000 |
| Hewitt Associates | Aon | wage and hour violation | 2009 | private lawsuit-federal | $4,900,000 |
| National City Mortgage | PNC Financial Services | wage and hour violation | 2008 | private lawsuit-federal | $27,500,000 |
| Edward D. Jones & Co. | Jones Financial | wage and hour violation | 2008 | private lawsuit-federal | $21,000,000 |
| UBS as successor to Piper Jaffray | UBS | wage and hour violation | 2008 | private lawsuit-federal | $5,500,000 |
| E-Trade | Morgan Stanley | wage and hour violation | 2008 | private lawsuit-federal | $900,000 |
| Citigroup | Citigroup | wage and hour violation | 2008 | private lawsuit-federal | $98,000,000 |
| Edward D. Jones & Co. | Jones Financial | wage and hour violation | 2008 | private lawsuit-federal | $19,000,000 |
| USAA | USAA | wage and hour violation | 2008 | private lawsuit-federal | $738,423 |
| First NLC | Arlington Asset Investment Corp. | wage and hour violation | 2007 | private lawsuit-federal | $14,000,000 |
| A.G. Edwards | Wells Fargo | wage and hour violation | 2007 | private lawsuit-federal | $20,000,000 |
| E-Loan Inc. | Popular Inc. | wage and hour violation | 2007 | private lawsuit-federal | $13,600,000 |
| UBS | UBS | wage and hour violation | 2007 | private lawsuit-federal | $44,000,000 |
| Bank of America | Bank of America | wage and hour violation | 2007 | private lawsuit-state | $2,500,000 |
| UBS | UBS | wage and hour violation | 2007 | private lawsuit-federal | $45,000,000 |
| Wells Fargo | Wells Fargo | wage and hour violation | 2007 | private lawsuit-federal | $12,800,000 |
| Citigroup | Citigroup | wage and hour violation | 2006 | private lawsuit-federal | $3,550,000 |
| Morgan Stanley | Morgan Stanley | wage and hour violation | 2006 | private lawsuit-federal | $42,500,000 |
| Bank of America | Bank of America | wage and hour violation | 2006 | private lawsuit-federal | $9,000,000 |
| Merrill Lynch | Bank of America | wage and hour violation | 2006 | private lawsuit-federal | $37,000,000 |
| Liberty Mutual | Liberty Mutual Insurance | wage and hour violation | 2005 | private lawsuit-federal | $6,400,000 |
| Allstate Insurance | Allstate | wage and hour violation | 2005 | private lawsuit-state | $120,000,000 |
| Countrywide Financial | Bank of America | wage and hour violation | 2005 | private lawsuit-state | $30,000,000 |
| State Farm | State Farm Insurance | wage and hour violation | 2005 | private lawsuit-state | $135,000,000 |
| Progressive | Progressive | wage and hour violation | 2004 | private lawsuit-federal | $5,400,000 |
| Bank of America | Bank of America | wage and hour violation | 2003 | private lawsuit-state | $4,100,000 |
| Ditech | Ditech Holding Corporation | wage and hour violation | 2002 | private lawsuit-federal | $6,150,000 |
| Coast National Insurance | Zurich Insurance | wage and hour violation | 2002 | private lawsuit-state | $18,000,000 |
| Bank of America | Bank of America | wage and hour violation | 2001 | private lawsuit-state | $22,000,000 |
| Farmers Insurance Exchange | Farmers Insurance Exchange | wage and hour violation | 2001 | private lawsuit-state | $90,009,208 |
| Wilmington Finance Inc. | OneMain Holdings | wage and hour violation | 2008 | private lawsuit-federal | $2,925,000 |
| American Express Financial Advisors | Ameriprise Financial | employment discrimination | 2002 | private lawsuit-federal | $31,000,000 |
| Merrill Lynch | Bank of America | employment discrimination | 2013 | private lawsuit-federal | $38,225,000 |
| Merrill Lynch | Bank of America | employment discrimination | 2013 | private lawsuit-federal | $160,000,000 |
| Banc of America Investment Services | Bank of America | employment discrimination | 2009 | private lawsuit-federal | $7,200,000 |
| Combined Insurance Company of America | Chubb Limited | employment discrimination | 2005 | private lawsuit-federal | $8,500,000 |
| Cincinnati Insurance Company | Cincinnati Financial | employment discrimination | 2006 | private lawsuit-federal | $537,500 |
| Farmers Insurance Exchange | Farmers Insurance Exchange | employment discrimination | 2016 | private lawsuit-federal | $6,140,000 |
| JPMorgan Chase | JPMorgan Chase | employment discrimination | 2018 | private lawsuit-federal | $24,000,000 |
| Liberty Mutual Insurance | Liberty Mutual Insurance | employment discrimination | 2009 | private lawsuit-federal | $2,163,401 |
| MetLife Securities | MetLife | employment discrimination | 2017 | private lawsuit-federal | $32,500,000 |
| Metropolitan Life | MetLife | employment discrimination | 2003 | private lawsuit-federal | $10,000,000 |
| Smith Barney | Morgan Stanley | employment discrimination | 2008 | private lawsuit-federal | $33,000,000 |
| Morgan Stanley | Morgan Stanley | employment discrimination | 2007 | private lawsuit-federal | $46,000,000 |
| Morgan Stanley | Morgan Stanley | employment discrimination | 2008 | private lawsuit-federal | $750,000 |
| Morgan Stanley | Morgan Stanley | employment discrimination | 2008 | private lawsuit-federal | $16,000,000 |
| New York Life Insurance | New York Life Insurance | employment discrimination | 2006 | private lawsuit-federal | $6,000,000 |
| Norddeutsche Landesbank Girozentrale | Norddeutsche Landesbank | employment discrimination | 2008 | private lawsuit-federal | $2,618,600 |
| Wells Fargo Advisors | Wells Fargo | employment discrimination | 2011 | private lawsuit-federal | $32,000,000 |
| Wells Fargo Advisors | Wells Fargo | employment discrimination | 2017 | private lawsuit-federal | $35,500,000 |
| Willis Group | Willis Towers Watson | employment discrimination | 2011 | private lawsuit-federal | $11,595,038 |
| Willis Group | Willis Towers Watson | employment discrimination | 2008 | private lawsuit-federal | $12,757,949 |
| Liberty Mutual Insurance | Liberty Mutual Insurance | employment discrimination | 2000 | private lawsuit-state | $348,111 |
| Ocwen Financial | Ocwen Financial | employment discrimination | 2005 | private lawsuit-state | $2,000,000 |
| State Farm Mutual Insurance Company | State Farm Insurance | employment discrimination | 2013 | private lawsuit-state | $657,403 |
| Wells Fargo Advisors, LLC | Wells Fargo | wage and hour violation | 2018 | private lawsuit-federal | $9,500,000 |
| M&T Bank Corporation | M&T Bank | wage and hour violation | 2018 | private lawsuit-federal | $2,490,000 |
| Allstate Insurance Company | Allstate | wage and hour violation | 2018 | private lawsuit-state | $5,500,000 |
| FleetBoston Financial Corp | Bank of America | benefit plan administrator violation | 2008 | private lawsuit-federal | $83,401,000 |
| J.P. Morgan Chase Retirement Plan | JPMorgan Chase | benefit plan administrator violation | 2010 | private lawsuit-federal | $604,957 |
| SunTrust Banks, Inc. | Truist Financial | benefit plan administrator violation | 2018 | private lawsuit-federal | $4,750,000 |
| Washington Mutual Inc. | JPMorgan Chase | benefit plan administrator violation | 2010 | private lawsuit-federal | $49,000,000 |
| Washington Mutual Pension Plan | JPMorgan Chase | benefit plan administrator violation | 2010 | private lawsuit-federal | $20,000,000 |
| Marsh & McLennan Companies, Inc. | Marsh & McLennan | benefit plan administrator violation | 2010 | private lawsuit-federal | $35,000,000 |
| Bank of America Corp | Bank of America | benefit plan administrator violation | 2011 | private lawsuit-federal | $21,000,000 |
| U.S. Bank Pension Plan | U.S. Bancorp | benefit plan administrator violation | 2012 | private lawsuit-federal | $9,600,000 |
| First Horizon National Corporation | First Horizon National | benefit plan administrator violation | 2012 | private lawsuit-federal | $6,000,000 |
| Regions Financial Corp. | Regions Financial | benefit plan administrator violation | 2014 | private lawsuit-federal | $22,500,000 |
| United Community Banks, Inc. | United Community Banks Inc. | benefit plan administrator violation | 2013 | private lawsuit-federal | $3,500,000 |
| Flagstar Bancorp, Inc. | Flagstar Bancorp | benefit plan administrator violation | 2013 | private lawsuit-federal | $3,000,000 |
| ING Life Insurance & Annuity Co. | Voya Financial | benefit plan administrator violation | 2014 | private lawsuit-federal | $14,950,000 |
| Nationwide Life Insurance | Nationwide | benefit plan administrator violation | 2015 | private lawsuit-federal | $140,000,000 |
| State Street Corporation | State Street Corp. | benefit plan administrator violation | 2014 | private lawsuit-federal | $10,000,000 |
| Prudential Insurance | Prudential Financial | benefit plan administrator violation | 2014 | private lawsuit-federal | $39,100,000 |
| TIAA-CREF | TIAA | benefit plan administrator violation | 2014 | private lawsuit-federal | $22,800,000 |
| American International Group, Inc. | American International Group | benefit plan administrator violation | 2015 | private lawsuit-federal | $40,000,000 |
| Northern Trust Investments, N.A. | Northern Trust | benefit plan administrator violation | 2015 | private lawsuit-federal | $36,000,000 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Bank of America | benefit plan administrator violation | 2017 | private lawsuit-federal | $25,000,000 |
| Liberty Mutual Retirement Benefit Plan | Liberty Mutual Insurance | benefit plan administrator violation | 2018 | private lawsuit-federal | $30,000,000 |
| Deutsche Bank Americas Holding Corp. | Deutsche Bank | benefit plan administrator violation | 2019 | private lawsuit-federal | $21,900,000 |
| Merrill Lynch | Bank of America | benefit plan administrator violation | 2012 | private lawsuit-federal | $10,000,000 |
| JPMorgan Chase Bank, N.A. | JPMorgan Chase | benefit plan administrator violation | 2012 | private lawsuit-federal | $150,000,000 |
| Bear Stearns Companies, Inc. | JPMorgan Chase | benefit plan administrator violation | 2012 | private lawsuit-federal | $10,000,000 |
| Fannie Mae | Fannie Mae | benefit plan administrator violation | 2010 | private lawsuit-federal | $7,250,000 |
| Merrill Lynch & Co., Inc. | Bank of America | benefit plan administrator violation | 2009 | private lawsuit-federal | $75,000,000 |
| Countrywide Financial Corporation | Bank of America | benefit plan administrator violation | 2009 | private lawsuit-federal | $55,000,000 |
| Wells Fargo Bank N.A. | Wells Fargo | benefit plan administrator violation | 2014 | private lawsuit-federal | $62,500,000 |
| Wells Fargo & Company | Wells Fargo | benefit plan administrator violation | 2011 | private lawsuit-federal | $17,500,000 |
| Wells Fargo & Company | Wells Fargo | benefit plan administrator violation | 2015 | private lawsuit-federal | $7,420,000 |
| Wachovia Corporation | Wells Fargo | benefit plan administrator violation | 2011 | private lawsuit-federal | $12,350,000 |
| Wachovia Securities | Wells Fargo | benefit plan administrator violation | 2009 | private lawsuit-federal | $1,005,000 |
