CBA boss says repaying ‘excessive fees’ to low-income customers could be seen as taking shareholder money
www.theguardian.com
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
  • shads@lemy.lolEnglish
    19·
    12 hours ago

    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.