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resipsaloquitur@lemmy.world to Not The Onion@lemmy.worldEnglish · 10 hours ago

Commonwealth Bank Australia says repaying ‘excessive fees’ to low-income customers could be seen as taking shareholder money

www.theguardian.com

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  • australia@aussie.zone
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Commonwealth Bank Australia says repaying ‘excessive fees’ to low-income customers could be seen as taking shareholder money

www.theguardian.com

resipsaloquitur@lemmy.world to Not The Onion@lemmy.worldEnglish · 10 hours ago
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13
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  • cross-posted to:
  • australia@aussie.zone
CBA boss says repaying ‘excessive fees’ to low-income customers could be seen as taking shareholder money
www.theguardian.com
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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

cross-posted from: https://lemmy.world/post/38973499

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  • P00ptart@lemmy.world
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    40 minutes ago

    Burn the shareholders.

  • Yolotan@lemmy.dbzer0.com
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    4 hours ago

    Yes Luigi, this one right here.

  • gravitas_deficiency@sh.itjust.works
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    6 hours ago

    Then the shareholders shouldn’t hold shares in that bank. Simple as.

    • Corkyskog@sh.itjust.works
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      4 hours ago

      To me it’s a legal argument that I can sue each share holder for their portion.

  • foggy@lemmy.world
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    8 hours ago

    Taking shareholder money back. Yes. That seems to be the point.

    • SirEDCaLot@lemmy.today
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      4 hours ago

      Exactly. If this is stealing from shareholders to pay customers, it’s because the original fees were stealing from customers to pay shareholders.

  • WatDabney@lemmy.dbzer0.com
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    9 hours ago

    And they mean exactly what they say.

    The class war is already underway - the financial elite are actively fighting it, and winning by forfeit because the rest of us are mostly split into those who don’t see the attacks and those who see them but misassign the blame for them.

    • resipsaloquitur@lemmy.worldOP
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      9 hours ago

      But think of the widow and orphan shareholders. 😢

  • NaibofTabr@infosec.pub
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    8 hours ago

    Yes, that’s correct, crime should not pay.

  • recentSlinky@lemmy.ca
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    9 hours ago

    But the other way around is totally fine? It’s okay to steal, but too much to return PART of what you stole?

  • crozilla@lemmy.world
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    9 hours ago

    Wow. Just wow.

  • zout@fedia.io
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    8 hours ago

    They’re not wrong, it could be, but the question is should it be?

  • chosensilence@pawb.social
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    9 hours ago

    good, do it even more.

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