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.

  • Aux@lemmy.worldEnglish
    102·
    11 months ago

    The whole point of a limited company is that its owners are protected against failures of the company. A lot of things will go sideways if this protection gets removed.

    • EvilBit@lemmy.worldEnglish
      2·
      11 months ago

      I’m genuinely ignorant, but is the owner’s protection against the company failing due to standard bad luck/mismanagement/cursed frogurt, the company doing blatantly illegal things under their direction, or both?