silence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 5 months agoEuropean Central Bank to Impose First-Ever Fines on Banks for Climate Failureswww.bloomberg.comexternal-linkmessage-square3fedilinkarrow-up171arrow-down10file-text
arrow-up171arrow-down1external-linkEuropean Central Bank to Impose First-Ever Fines on Banks for Climate Failureswww.bloomberg.comsilence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 5 months agomessage-square3fedilinkfile-text
minus-squarehitwright@lemmy.worldlinkfedilinkarrow-up2·5 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
minus-squaresilence7@slrpnk.netOPMlinkfedilinkarrow-up2·5 months agoThat’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.
minus-squareMrMakabar@slrpnk.netlinkfedilinkEnglisharrow-up2·5 months agoUni Credit made 6.4billion profit from 20.3billion revenue in 2022. So we are talking 15% of profits.
Not much of a fine. Love the doomerism growing inside. :3
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.
Uni Credit made 6.4billion profit from 20.3billion revenue in 2022. So we are talking 15% of profits.