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.
Comment on ‘Betrayed the trust of Australians’: ANZ bank pays record $240m fine for widespread misconduct
Mister_Ruse@aussie.zone 3 weeks ago
youtube.com/watch?v=Fj1PnEh6MAg
Every time I see one of these stories. Did the fine actually exceed their profit from the misconduct?
The_Decryptor@aussie.zone 3 weeks ago
vas@lemmy.ml 2 weeks ago
Well the share price could’ve risen due to expectations of a worse judgement. The analysis has to be a dofferent one. Just profit/loss.
Taleya@aussie.zone 3 weeks ago
FR. Fines need to be based on at least double what the misconduct earned them.