I don't see that as a counterpoint. I think it's reasonable that banks (and corporations, in general) are fined significantly for regulatory violations.
With regulatory capture, most regulations are weak to begin with. And if they don't have teeth, then they're entirely pointless.
Two years of free cashflow is a good fine for serious violations of ethics/regulations, imho. I don't think they're getting off lightly with that, though; it's a significant enough fine that they're incentivized to do better and, even better, acts as a warning shot across the entire industry.