The pain keeps on coming for Deutsche Bank (NYSE:DB), Société Générale, Citigroup (NYSE:C) and JPMorgan Chase (NYSE:JPM) – this time because of fallout from alleged rate manipulations. All four banks agreed to pay some hefty fines, but the impact to the overall business is relatively minimal. In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss these fines and more.
David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Citigroup, JPMorgan Chase, and Barclays PLC (ADR). The Motley Fool owns shares of Citigroup and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.