Top Five Bank Settlements with the U.S. Government

1) Bank of America
August, 2014
$16.7 billion
Allegation: Misled investors on mortgage backed securities.

2) J.P. Morgan
November, 2013
$13.0 billion
Allegation: Misled investors on mortgage backed securities.

3) Bank of America
February, 2013
$11.8 billion
Allegation: Misled investors on mortgage backed securities.

4) Bank of America
June, 2013
$11.6 billion
Settlement: Repurchased of loans BOA sold to the government.

5) Bank of America
March, 2014
$ 9.3 billion
Allegation: Misled investors on mortgage backed securities.

 

Source: Financial Times,  August 22, 2014
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