Which 10 companies have recently faced significant regulatory fines or penalties?
1. Wells Fargo – fined $1 billion by the Consumer Financial Protection Bureau for auto insurance and mortgage practices
2. Equifax – fined $700 million by the Federal Trade Commission for data breach affecting millions of consumers
3. JPMorgan Chase – fined $920 million for manipulating precious metals and treasury market
4. Citibank – fined $400 million by the Office of the Comptroller of the Currency for risk management and compliance deficiencies
5. Boeing – fined $2.5 billion by the Department of Justice for fraud related to the 737 MAX aircraft
6. Facebook – fined $5 billion by the Federal Trade Commission for privacy violations
7. Goldman Sachs – fined $2.9 billion for its role in the 1MDB scandal in Malaysia
8. Purdue Pharma – fined $8.3 billion by the Department of Justice for its role in fueling the opioid crisis
9. Johnson & Johnson – fined $2.2 billion for misrepresenting the safety and efficacy of certain drugs
10. Volkswagen – fined over $30 billion globally for cheating diesel emissions tests.