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  • hitwright@lemmy.world
    2·
    5 months ago

    For a bank with annual revenue of €10 billion ($10.9 billion), for example, that would suggest daily penalties of as much as €1.4 million in the toughest scenario

    Not much of a fine. Love the doomerism growing inside. :3

    • silence7@slrpnk.netOPM
      2·
      5 months ago

      That’s a bit over half a billion euros per year. That’s roughly comparable to the profits of a bank with revenue of 10 billion.

      • MrMakabar@slrpnk.netEnglish
        2·
        5 months ago

        Uni Credit made 6.4billion profit from 20.3billion revenue in 2022. So we are talking 15% of profits.