The Commonwealth Bank of Australia recently learned a hard lesson about spam laws.

It was hit with a penalty 3.55 million dollars for their unlawful email practices.

This fine may look big on scale however for the profit braking bank this has not dented their wallet.

The bank has reported over five and half billion dollars in profit in the last half yearly quarter, which is up 15percent.

With interests higher than ever before and the cost of living unbearable, is the big bank getting off leniently?

Image: Image credit: Unsplash

Produced By: Moemina Shukur

First aired on The Wire, Tuesday, 13 June 2023