Eighteen major banks were criminally charged but settled via nonprosecution agreements

Evidence

Eventually 18 of them, including Goldman Sachs and Bank of America, were charged with criminal conduct for deceptively selling packaged defective mortgages worldwide (Eavis, 2015). Because of banking interconnections these duplicitous practices contributed to the widespread collapse of the mortgage market. Under a “nonprosecution agreement,” the banks settled out of court except for two foreign ones that went to trial and were found guilty. — Albert Bandura, Moral Disengagement, 1598

Categorization

• QUESTION: Which two foreign banks went to trial and were found guilty? Worth chasing for a follow-up.