I am all for fining bad behaviour. What I do not like the resulting attitude and morale high ground.
The US clearly started the mess in the banking world and took the whole world down by selling it their housing loans. German bankers of the early 90s had no idea about the whole show, but were stupid enough to drink their Kool-Aid.
VW has been building smaller cars with lower mileage than its US counterparts for decades but now somehow is the prominent environmental offender?
"Bribery in Russia" and the German bank is the one that needs to be called out for this? Come one.
The US fine is only for shenanigans pulled in the US, other banks in US paid even higher fines (JPMorganChase and BoA settled for 13-17bn each).
The other investigations are handled by other entities in Europe and Russia. And there are two levels at play: breaking the law in the first place and then being stupid enough to be caught.
bribery in Russia, fraud around CO2 certificates, the list is pretty big.
you can argue that the past dual-leadership of Ackermann and Jain where heading a criminal enterprise.
after VW the second large German fuckup.