fraiserouge@lemmy.world to Australia@aussie.zoneEnglish · 1 month ago‘Betrayed the trust of Australians’: ANZ bank pays record $240m fine for widespread misconductwww.theguardian.comexternal-linkmessage-square11fedilinkarrow-up132arrow-down10
arrow-up132arrow-down1external-link‘Betrayed the trust of Australians’: ANZ bank pays record $240m fine for widespread misconductwww.theguardian.comfraiserouge@lemmy.world to Australia@aussie.zoneEnglish · 1 month agomessage-square11fedilink
minus-squareMister_Ruse@aussie.zonelinkfedilinkEnglisharrow-up9·1 month agohttps://youtube.com/watch?v=Fj1PnEh6MAg Every time I see one of these stories. Did the fine actually exceed their profit from the misconduct?
minus-squareTaleya@aussie.zonelinkfedilinkEnglisharrow-up3·1 month agoFR. Fines need to be based on at least double what the misconduct earned them.
minus-squareThe_Decryptor@aussie.zonelinkfedilinkEnglisharrow-up2·1 month agoI 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.
minus-squarevas@lemmy.mllinkfedilinkEnglisharrow-up1·edit-226 days agoWell the share price could’ve risen due to expectations of a worse judgement. The analysis has to be a different one. Just profit/loss.
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.
Well the share price could’ve risen due to expectations of a worse judgement. The analysis has to be a different one. Just profit/loss.