Settlements & fines for US mortgage activities.

The repercussions of the subprime crisis in 2008 have continued to haunt banks until today. As today's chart shows, Bank of America has had to dole out the maximum amount in settlements and fines with respect to US mortgage activities in the last 5 years. JP Morgan Chase has recently agreed to pay a hefty settlement of US$ 13 bn to regulators thereby placing it second on the list. There was considerable murkiness in the whole subprime mortgage issue which involved a lot of shady financial products. And therefore it will be hardly be surprising if banks will be required to dole out more of such fines and settlements in the future.