Big banks pony up in the wake of the financial crisis

  @FortuneMagazine April 11, 2013: 7:45 AM ET
CHA29 bank settlements chart
(Fortune)

Since 2010 thousands of lawsuits related to the financial crisis have been brought against the country's top five banks. So far, the Big Five have settled for a little more than $60 billion. Bank of America (BAC, Fortune 500) has paid out more (and been sued more) than anyone else (see "Getting BofA to Grow Again"), with Wells Fargo (WFC, Fortune 500) a distant second. The biggest settlements so far: Federal and state regulators behind the historic National Mortgage Settlement received $25 billion; other banks, such as Fannie Mae and Freddie Mac, were awarded $13.3 billion; and investors ended up with an $8.5 billion settlement from BofA in 2011's BNY Mellon suit.

This story is from the April 29, 2013 issue of Fortune. To top of page



Join the Conversation
CNNMoney Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.