Big Business Fines [Infographic]

Leila Jones https://diggitymarketing.com 1m 201 #business

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

Research reveals the companies which have been fined BILLIONS

New research from Diggity Marketing reveals which companies have received the most fines in the last 20 years, as well as the industries most commonly fined, and offenses leading to fines.

The research found that the Bank of America was the most fined company of all, with fines amassing over $82bn. Financial services was the most fined industry of all, mainly due to ‘toxic assets’ offences.

Top 10 Most Fined Companies

Rank	Company	Based In	Industry	Total Amount Fined	Total Fines
1	Bank of America	United States	Financial Services	$82,764,013,078	219
2	JPMorgan Chase	United States	Financial Services	$35,819,302,225	162
3	BP	United Kingdom	Oil & Gas	$29,196,927,856	283
4	Citigroup	United States	Financial Services	$25,454,366,764	125
5	Volkswagen	Germany	Motor Vehicles	$23,780,184,935	58
6	Wells Fargo	United States	Financial Services	$21,358,750,745	184
7	Deutsche Bank	Germany	Financial Services	$18,286,625,302	61
8	UBS	Switzerland	Financial Services	$16,792,860,910	83
9	Goldman Sachs	United States	Financial Services	$16,365,468,987	44
10	Royal Bank of Scotland	United Kingdom	Financial Services	$13,473,904,000	28

Top 5 Most Fined Industries

Rank	Industry	Total Amount Fined	Total Fines
1	Financial Services	$331,558,339,161	6,116
2	Pharmaceuticals	$56,047,506,711	944
3	Oil & Gas	$45,795,656,845	5,405
4	Motor Vehicles	$31,415,983,857	847
5	Utilities & Power Generation	$23,623,142,869	1,975

Top 5 Most Fined Offenses

Rank	Offence	Total Amount Fined	Total Fines
1	Toxic Securities Abuses	$100,910,181,897	108
2	Environmental Violation	$99,577,751,627	71,191
3	Investor Protection Violation	$78,346,186,381	5,568
4	Mortgage Abuses	$56,676,183,058	158
5	False Claims Act and Related	$47,540,687,784	2,972