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Al
Lv 4
Al asked in Business & FinanceCorporations · 9 years ago

Barclay's bank got fined a couple of weeks ago about £290m BUT who pays the fine?

is it the tax payer or there customers?

2 Answers

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  • !
    Lv 7
    9 years ago
    Favorite Answer

    Neither. The shareholders.

  • My view
    Lv 6
    9 years ago

    Why would be the tax payer? It's a private bank. It has to come from banks cash on hand. Banks may pass this additional expenses to their customers by adding fees or raising existing fees. Nothing happens to share holders assets. They will enjoy their bonuses end of the FY.

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