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Banks have paid $321bn in fines since 2008

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Banks globally have paid $321 billion in fines since 2008 for an abundance of regulatory failings from money laundering to market manipulation and terrorist financing, according to data from Boston Consulting Group.

Barclays' defiance of US fines has merit

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Barclays disgraced itself in many ways during the pre-financial crisis boom years. So it is tempting to think the bank, when asked by US Department of Justice to pay a large bill for polluting the financial system with mortgage junk between 2005 and 2007, should cough up, apologise and learn some humility.

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Banks have paid $321bn in fines since 2008

Banks globally have paid $321 billion in fines since 2008 for an abundance of regulatory failings from money laundering to market manipulation and terrorist financing, according to data from Boston Consulting Group.