Tag Archives: fine

Bank of America fined $17 billion for role in financial crisis

Bank of America

Bank of America, the second largest US lender is close to ending a landmark deal with US authorities to pay up to $17 billion – a record fine – to the Justice Department over its role in the 2007 financial crisis. If completed, it will be largest single compensation settlement, surpassing the $13 billion JPMorgan Chase agreed to pay in 2013. The ... Read More »

Australian fitness club fined under ridiculous carbon tax law

Genesis fitness club carbon tax fine Australia

A FITNESS club has become the first Australian business to pay a fine for making a false claim about the carbon tax. GFC Berwick, trading as Genesis Fitness Club, paid $6600 to the Australian Competition and Consumer Commission (ACCC) as penalty for sending a letter to its members in April promoting a “rate freeze” offer. The fitness club said that ... Read More »