The Royal Bank of Canada has received an administrative monetary penalty of $4.25 million, applied by The Financial Consumer Agency of Canada for a violation of the Bank Act.
  • dom@lemmy.ca
    0·
    15 days ago

    Rbc has revenue around 66 billion. 4 million is 0.00606% of their revenue.

    This would be the equivalent of a $4 fine for a Canadian making median income.

    They were fined 4$.