Commonwealth Bank Australia says repaying ‘excessive fees’ to low-income customers could be seen as taking shareholder money
https://www.theguardian.com/news/2025/nov/18/cba-boss-says-repaying-excessive-fees-to-low-income-customers-could-be-seen-as-taking-shareholder-money
208 points · 14 comments · view on lemmy.world
14 Comments
WatDabney@lemmy.dbzer0.com · 62 pts · 271d
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.world · 26 pts · 271d
But think of the widow and orphan shareholders. 😢
foggy@lemmy.world · 43 pts · 271d
Taking shareholder money back. Yes. That seems to be the point.
SirEDCaLot@lemmy.today · 10 pts · 271d
Exactly. If this is stealing from shareholders to pay customers, it's because the original fees were stealing from customers to pay shareholders.
recentSlinky@lemmy.ca · 24 pts · 271d
But the other way around is totally fine? It's okay to steal, but too much to return PART of what you stole?
gravitas_deficiency@sh.itjust.works · 20 pts · 271d
Then the shareholders shouldn’t hold shares in that bank. Simple as.
Corkyskog@sh.itjust.works · 8 pts · 271d
To me it's a legal argument that I can sue each share holder for their portion.
NaibofTabr@infosec.pub · 19 pts · 271d
Yes, that's correct, crime should not pay.
Yolotan@lemmy.dbzer0.com · 18 pts · 271d
crozilla@lemmy.world · 13 pts · 271d
Wow. Just wow.
chosensilence@pawb.social · 11 pts · 271d
good, do it even more.
P00ptart@lemmy.world · 10 pts · 271d
Burn the shareholders.
zout@fedia.io · 8 pts · 271d
They're not wrong, it could be, but the question is should it be?
hanrahan@slrpnk.net · 5 pts · 270d
https://www.abc.net.au/news/2025-11-05/choice-shonky-award-commbank-temu-hcf/105964682
Bot@sub.community · 3 pts · 270d
Good time to buy in Commonwealth Bank stock?