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.

  • J12@lemmy.worldEnglish
    501·
    1 year ago

    I break the law, I go to jail. A corporation breaks the law they get a fine the equivalent of a parking ticket.

    If corporations want to be people it’s time we start treating them like people. CEOs and Execs in prison. Actual fines that hurt the bottom line. And for the really egregious: shut them down, or if they’re “too big to fail” we can let the government take over or break them up into dozens of small companies ex: Baby Bells

    • JustAThought@lemm.eeEnglish
      5·
      1 year ago

      Some countries have speeding fines set to a percentage of your pre-tax income. A student is hurt as much as a CEO. This should be the same.

    • setVeryLoud(true);@lemmy.caEnglish
      1·
      1 year ago

      Companies in prison. Unable to operate for whatever length their sentence is. When they come out, they will forever be considered a felon and will not be able to do business with most other companies.

    • kaizervonmaanen@reddthat.comEnglish
      11·
      1 year ago

      Of you put CEOs and Execs in prison then you are not treating corporations like people. If you do something illegal then they put you in prison. Not your CEO or Execs.

    • sol@lemm.eeEnglish
      27·
      1 year ago

      Nobody’s sending you to jail for using WhatsApp.