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Citigroup Nears $7 Billion Settlement: Are Banks Chastened, Post-Crisis?


Business  (tags: society, business, dishonesty, Big BAnks, mortgage crisis, fines, power, money, usa, world, corporate, consumers, corruption, money, news )

Cal
- 59 days ago - csmonitor.com
Many big banks have had to pay billion-dollar fines since 2008 for wrongdoing. The money may have caught banks' attention, but they are still big, powerful, and capable of risky behavior.



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Comments

Bill and Katie D. (77)
Monday July 21, 2014, 11:24 pm
Good Reading here!
Thank you
 

Alfred Donovan (46)
Tuesday July 22, 2014, 1:06 am
I notice these fines are for fraud though the fines are large the bankers should also be serving prison time as well.
 

Past Member (0)
Tuesday July 22, 2014, 2:37 am
Thank you Cal.
 

Aaron Bouchard (130)
Tuesday July 22, 2014, 3:21 am
noted thanks
 

Roger Garin-michaud (62)
Tuesday July 22, 2014, 1:49 pm
noted, thanks
 

Janet R. (34)
Tuesday July 22, 2014, 1:53 pm
Citigroup is one of the worst. They game play with their mortgage holders and they don't really want to help people to stay in their homes.
 

Birgit W. (144)
Tuesday July 22, 2014, 2:08 pm
Thanks for sharing.
 

Kate Kenner (200)
Tuesday July 22, 2014, 2:58 pm
Chastened? Yeah, sure they are. They're probably just figuring our how to keep their game going and not get caught again.
 

Elizabeth M. (66)
Tuesday July 22, 2014, 5:27 pm
Noted. Interesting article Cal. This is just a drop in a bucket for these banks. I would serve a very good purpose to start with charges against many of the Heads, CEOs and anyone with the knowledge of what was taking place and not reporting it. IMOP I feel that there were never enough regulations that had to be followed and even though most do not want Big Brother watching them, it is something that should be looked at, before another scheme is hatched. Putting all the money these banks have together, is more than the US owes!!! Does not make sense to me, but then I am just an average citizen.
 

Stevie A. (10)
Tuesday July 22, 2014, 8:24 pm
If you/ we want to REGULATE the BANKS, we ALL must register and VOTE !!! Tea-publicans are in the pockets to banks.
 

John S. (303)
Saturday July 26, 2014, 5:11 am
And their stock went up 4% because it removes uncertainty, and a shifting regulatory climate impacts all business.
 
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