Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.

Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach::Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.

  • girlfreddy@lemmy.worldEnglish
    4·
    1 year ago

    Yup. The fines should be 10-20% of profits for the time period, per charge, depending on the severity.

    That would got their gd attention.

    • eldavi@lemmy.worldEnglish
      6·
      1 year ago

      That would got their gd attention.

      it always gets their attention and then they pay people to lobby our government to get a lowered; which also always happens.