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.

  • Etterra@lemmy.worldEnglish
    11·
    1 year ago

    That isn’t a fine. That’s the cutest if doing business to these assholes. I keep saying it, fines need to be calculated on a logarithmic scale based on income and net assets. That goes for everything from a speeding ticket to wire fraud - literally every crime with a fine as punishment.

    • NeoNachtwaechter@lemmy.worldEnglish
      3·
      1 year ago

      Don’t need no logarithm :-)

      Just 1% of their worldwide year’s revenue for each day when the offence is/was happening.