Bank fines till 2012 add up to £148b: study

Thu, Dec 05, 2013 - 6:00 AM

THE cost of bank misdeeds and poor conduct has multiplied to levels comparable to gross domestic products of Singapore, Greece and several other nations.

Between 2008 and the end of 2012 ten leading banks had to pay £148 billion (S$304 billion) in fines and provisions for extra litigation

Breaking News

02:58 pm

Global insights consultancy Kantar locates its first advanced analytics hub in region in Singapore

02:48 pm

Malaysia's annual inflation seen quickening in May

02:42 pm

Intel has paths around Trump's China tariffs, analysts say

02:16 pm

Tokyo's Nikkei index down more than 1.7% over trade row

01:45 pm

Court gives Hyflux 6-month break from creditors; company in talks for S$200m rescue financing

01:43 pm

China eases HNA’s glide path

Editor's Choice

Purchase this article as republication.

Purchase this article as keepsake.

1	Ex-Malaysian PM Najib and family spotted in Langkawi with 30 bags
2	Saving Hyflux: stakeholders, patience is vital now
3	Astrea IV Class A-1 bonds rise to 102.9 on debut
4	Stock market remains in correction mode
5	O&M stocks appear to be decoupling from oil prices

Top Stories

You are here

Bank fines till 2012 add up to £148b: study

OCBC targets S$1b profit from China's Greater Bay Area by 2023

Asia equities battered again by US-China trade spat

Jump in May home sales lifts hopes for second half

Must Read

Court gives Hyflux 6-month break from creditors; company in talks for S$200m rescue financing

Singapore stocks: STI resumes Tuesday afternoon trading at 3,332, up 0.2% on day

SP Group to build Singapore's largest public electric vehicle charging network by 2020

Stocks to watch: OCBC, Raffles United, Envictus International, CapitaLand

You are here

Bank fines till 2012 add up to £148b: study

Market voices on:

Sign up for BT Newsletters

Editor's Choice

Most Read

Must Read