Bank Organized Crime
Author's Video Note:
Canada’s Big 6 Banks gouged out record annual profits of $45 billion in 2018!
That works out to more than $22 million in profit every hour banks are open – 6% higher than in 2017, and more than double their profits in 2010.
This is the 8th year in a row the Big Banks’ profits have gone up – has your pay increased every year for the past 8 years?
The big banks also paid their CEOs $10 million each on average in 2018, and gave all their executives a total of $15.2 billion in bonuses (6% higher than in 2017, and 75% higher than in 2008).
Yes, you read that right -- $15.2 BILLION in bonuses. See the details in this Toronto Star article.
link to star article: