Federal Penalties Imposed on Largest Corporations Plunged During Trump’s First Year

PHILIP MATTERA—Mattera acknowledged that the Obama Fortune 100 penalty totals reflected unprecedented settlements with the largest banks for their role in the financial meltdown. Those amounts peaked during the middle years of the Obama era. “Yet Trump’s $1.1 billion total through January 19 is still far below the annual average of more than $9 billion for the Fortune 100 during Obama’s final two years in office,” he added. “It also trails behind the $3 billion total during Obama’s first year.”