Banks: Fines

HM Treasury written question – answered on 11th June 2015.

Alert me about debates like this

Photo of Roger Godsiff Roger Godsiff Labour, Birmingham, Hall Green

To ask Mr Chancellor of the Exchequer, what amount of money has accrued to the Exchequer in bank fines in each of the last two years; and how much such money has been allocated to charities in each of the last two years for which figures are available.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

In the last two financial years HM Treasury has received £1.3bn in LIBOR and FX banks fines. All LIBOR penalties received in this time period have been allocated to military or other uniformed charities. All foreign exchange penalties received in this time period have been allocated to create a fund for advanced care in GP practices and community healthcare facilities.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.