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Who said poor investment? $1.9 billion is just small cut on return to pay, no?
by mirekrusin 4y ago
Who said poor investment? $1.9 billion is just small cut on return to pay, no?
- dan-robertson 4y agoWhat was their return here? It looks like they were mostly transmitting money and doing currency exchange on <$1B. They’d surely make at most few percent on that, so much less than the fine. Did I misunderstand what the numbers in the article meant? Maybe they are suspected to have facilitated much more laundering that couldn’t be proven, but that would need to be approaching $100B for them to break even. I guess the actual return was having a smaller compliance department (not gonna save you $2B though) and getting more business due to lax controls making onboarding easier (I find it hard to believe that the advantage would make them $2B though).