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1. Ars Technica (arstechnica@mastodon.social)'s status on Wednesday, 09-Aug-2023 04:24:53 JST Ars Technica

   Wells Fargo among banks fined $549M after hiding employee texts from regulators

   Banks have been fined more than $2.5 billion for violating record-keeping laws.

   https://arstechnica.com/tech-policy/2023/08/wells-fargo-among-banks-fined-549m-after-hiding-employee-texts-from-regulators/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

   • Prior Industry 🇺🇦 (prior_industry@mastodon.social)'s status on Wednesday, 09-Aug-2023 04:28:02 JST Prior Industry 🇺🇦

     in reply to

     @arstechnica Just another Tuesday for Wells Fargo

   • Linux_Is_Best (linux_is_best@mastodon.social)'s status on Wednesday, 09-Aug-2023 04:34:25 JST Linux_Is_Best

     in reply to

     @arstechnica They honestly shouldn't be in business.

     If a business is a "for profit" business and is making poor choices, including booking, and losing money, in a so-called capitalist economy, they should go under (go out of business).

     Instead they keep getting bailed out. 🙄

     At least this time they're not entirely getting away with everything and are being asked to pay fines. But often those so-called fines, they have already factored in as the cost of doing business. 🙄

   • WiredForFlight (wiredforflight@mastodon.social)'s status on Wednesday, 09-Aug-2023 04:53:19 JST WiredForFlight

     in reply to

     @arstechnica never do business with WF.

   • A Lloyd Flanagan (alflanagan@mastodon.social)'s status on Wednesday, 09-Aug-2023 05:30:08 JST A Lloyd Flanagan

     in reply to

     @arstechnica and until people actually go to jail, they’ll keep doing it.