So where are all these fines going? You know that the Federal Reserve is a misnomer and not part of the govt. so where are these 3 latest fines going to? Over 400 million? Is this a shake down?
On the last couple of months.
Regions fined $2.95 million by Federal Reserve:
the Federal Reserve Board on Wednesday announced two enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates. First, the Board issued a consent order and a $186 million fine based on unsafe and unsound practices and violations
Federal Reserve Board announces a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023
That's their cut.
You do whatever crime you want and share the profits with the fed.
Federal Reserve aka The Bank of Israel