Reply to post: Re: Rich people's money

Morgan Stanley hit with $60m penalty for failing to properly decommission old kit hosting 'wealth management' data

Mister Dubious

Re: Rich people's money

[...] a mild slap on the wrist.

$60 million *is* a mild slap on the wrist to Morgan Stanley. In 2019 they had revenue of $38.9 BILLION, so they'll recoup it in just over half a day -- 13:30, if my math's right. A little more than a rounding error, I guess, but less than a Punishment.

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