31
‘Betrayed the trust of Australians’: ANZ bank pays record $240m fine for widespread misconduct
(www.theguardian.com)
A place to discuss Australia and important Australian issues.
If you're posting anything related to:
If you're posting Australian News (not opinion or discussion pieces) post it to Australian News
This community is run under the rules of aussie.zone. In addition to those rules:
Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition
Be sure to check out and subscribe to our related communities on aussie.zone:
https://aussie.zone/communities
Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.
Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone
https://youtube.com/watch?v=Fj1PnEh6MAg
Every time I see one of these stories. Did the fine actually exceed their profit from the misconduct?
FR. Fines need to be based on at least double what the misconduct earned them.
I caught his coverage of the fine yesterday on 9 news, he pointed out that their share price actually rose afterwards, so the fine didn't really hurt them in any way.