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Steve and Connie Ballmer are splitting their $8 billion philanthropy into three so the people closest to the work can decide how the money is spent

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U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender

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Google cofounder Sergey Brin has now spent $100 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

1

Steve and Connie Ballmer are splitting their $8 billion philanthropy into three so the people closest to the work can decide how the money is spent

2

U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender

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Google cofounder Sergey Brin has now spent $100 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses
FinanceFinancial Crisis

Big banks pony up in wake of the financial crisis

By
Omar Akhtar
Omar Akhtar
and
Anne VanderMey
Anne VanderMey
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By
Omar Akhtar
Omar Akhtar
and
Anne VanderMey
Anne VanderMey
Down Arrow Button Icon
April 11, 2013, 6:40 AM ET
Graphic: Nicolas Rapp
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Since 2010 thousands of lawsuits related to the financial crisis have been brought against the country’s top five banks. So far, the Big Five have settled for a little more than $60 billion. Bank of America (BAC) has paid out more (and been sued more) than anyone else (see “Getting BofA to Grow Again“), with Wells Fargo (WFC) a distant second. The biggest settlements so far: Federal and state regulators behind the historic National Mortgage Settlement received $25 billion; other banks, such as Fannie Mae and Freddie Mac, were awarded $13.3 billion; and investors ended up with an $8.5 billion settlement from BofA in 2011’s BNY Mellon suit.

This story is from the April 29, 2013 issue of Fortune.

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