On Thursday, it was revealed that Bank of America is to pay a record $16.7bn (£10bn) to settle allegations that it misled investors into buying toxic mortgage securities. Here, we count down the largest bank settlements in history.
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In 2012, UBS was fined $1.5bn by US, UK and Swiss authorities for rigging Libor, and a further £30m for “significant control breakdowns” that allowed a rogue trader to lose $2.3bn.
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