Global Bank Fines reach £260 Billion

The Daily Mail reports that banks have paid more than £260bn in fines since the financial crisis for a host of wrongdoings.

A study by Boston Consultancy Group found lenders in America have coughed up £166bn whilst their rivals in Europe have handed over £96bn.

The amount is set to increase in the coming years as regulators in Europe and Asia catch up with the more aggressive stance being taken in the US