Commonwealth Bank Australia– which reported a record cash profit of $10.3bn in most recent financial year – charged $270m in ‘excessive fees’ over five years
Just repaying the excess fees is “taking shareholder money”. No fines or penalties, just making the original customers whole.
Just make the entire executive team pay the money to the shareholders, problem solved. If they aren’t good for it I am sure they can get a line of credit extended to them, pretty sure they know some people in the banking industry.
Just repaying the excess fees is “taking shareholder money”. No fines or penalties, just making the original customers whole.
Just make the entire executive team pay the money to the shareholders, problem solved. If they aren’t good for it I am sure they can get a line of credit extended to them, pretty sure they know some people in the banking industry.