| Rap
Sheet of Banks
Fined in 2024 TD
Citigroup
Capital One as
Fed Snubs BIS
Antitrust Study
by
Matthew R. Lee
SOUTH
BRONX, March
28 – Before Capital One
announced and applied to buy
Discover, they and their law
firm were allowed to meet
secretly with the Federal
Reserve.
After they
applied late March 20,
Inner City Press submitted a
Freedom of Information Act
request to the Fed. While they
granted expedited treatment,
they delayed nearly a near
before on March 4 dumping over
1000 redacted pages.
These
begin with ex parte meetings
between the bank, its law firm
and the Fed - telephone calls
in February 2024, and a
meeting inside the Fed on
March 7, 2024 (the Fed waited
until March 4, 2025 to
disclose this). 1000 page on
Inner City Press'
DocumentCloud here.
200+ more pages here.
FOIA determination letter here
Inner City Press
has filed a FOIA appeal to the
Federal Reserve - and raised
it in a March 21 comments,
along with a new Bank for
International Settlements
study that cries out for
denial of the merger.
On March 24, the
Fed's response: "Because your
letter was received after the
end of the public comment
period, it will not be made a
part of the record of this
case unless the Board in its
sole discretion determines to
consider your late comments."
Yeah, discretion...
Then as the Fed
revoked its CRA rule, this
list of banks fined in 2024:
1
US US TD Bank
(Toronto-Dominion
Bank)
$3.09B 2024-10-10
2
US US
Citigroup
$135.60M
2024-07-10
3
US US Navy Federal
Credit Union
$95.00M 2024-11-07
4
US US USAA Federal
Savings Bank
$85.00M
2024-12-19
5
Sweden Sweden Klarna
Bank AB
$46.00M
Source View
Details 2024-12-11
6
US US City National
Bank
$65.00M
2024-02-01
7
US US Fifth Third
Bank
$20.00M 2024-07-09
8
Finland Finland Nordea
Bank $35.00M
2024-08-27
9
UK UK Starling
Bank $37.44M
2024-10-02
10
US US Green Dot
Corporation
$44.00M 2024-07-19
Dishonorable
mentio: 11
US US Silvergate
Bank
$43.00M
Source View
Details 2024-07-01
12 US
US JPMorgan Chase &
Co
$348.20M
Source View
Details 2024-03-14
13
Belgium Belgium BNP
Paribas
Fortis
$11.27M
Source View
Details 2024-12-20
14
France France
Confédération Nationale du
Crédit
Mutuel
$3.84M
Source View
Details 2024-03-21
15 UK
UK Banque et Caisse d’Epargne
de l’Etat
$1.83M
Source View
Details 2024-11-15
16
China China Industrial
and Commercial Bank of China
Ltd. (ICBC)
$30.00M
Source View
Details 2024-01-19
17 US
US Goldman
Sachs
$64.80M
Source View
Details 2024-10-23
18 UK
UK Citigroup Global Markets
Limited
$35.85M
Source View
Details 2024-05-22
19 UK
UK Metro
Bank
$21.53M
Source View
Details 2024-11-12
20 UK
UK HSBC UK Bank
plc
$8.11M
Source View
Details 2024-05-23
21
Australia Australia
Westpac
$6.18M
Source View
Details 2024-01-31
22 UK
UK Barclays
Bank
$12.91M
Source View
Details 2024-11-25
23 UK
UK Barclays
Bank
$38.73M
Source View
Details 2024-11-25
24 UK
UK Macquarie Bank
Limited
$16.82M
Source View
Details 2024-11-18
25 UK
UK TSB Bank
plc
$14.07M
Source View
Details 2024-10-10
26
Australia Australia
Macquarie Bank
Limited
$3.15M
Source View
Details 2024-09-25
27
Japan Japan MUFG
Bank
$1.75M
Source View
Details 2024-09-20
28
Austria Austria
Raiffeisen Bank International
(RBI)
$2.24M
Source View
Details 2024-06-28
29
Australia Australia
Commonwealth Bank of Australia
(CBA)
$4.73M
Source View
Details 2024-10-17
30
Canada Canada TD Bank
(Toronto-Dominion
Bank)
$6.40M
Source View
Details 2024-05-02
31
Germany Germany N26 Bank
AG
$9.97M
Source View
Details 2024-05-21
32 US
US State Street
Bank
$7.45M
Source View
Details 2024-07-26
33
South Africa South
Africa Capitec Bank
Limited
$3.04M
Source View
Details 2024-12-20
34 US
US Flagstar
Bank
$3.55M
Source View
Details 2024-12-16
35 US
US Canadian Imperial Bank of
Commerce
$30.00M
Source View
Details 2024-09-24
36 US
US U.S. Bank
$6.00M
Source View
Details 2024-03-19
37 US
US Barclays Bank
PLC
$4.00M
Source View
Details 2024-10-01
38 US
US Canadian Imperial Bank of
Commerce
$1.25M
Source View
Details 2024-09-24
***
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