And I thought you were talking about Nathan Albanese not making a joke.
The days of major Australian banks allowing frauds, scams, money laundering and poor or non-existent compliance might be over.
The only way it has meaningful effect is if dividends are cut until bad behaviors significantly improve or profits are met with stiff penalties.
Racketeering is a securities law violation in America.
I think it would be unpalatable for CBA to make much more profit or keep dividends at the current level in the current political environment down under.
My suspicion is that regulators will start policing more heavily.
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