ANZ is preparing for the conclusion this week of a long running legal battle over bank fraud as the High Court hears a final appeal from lawyers representing their customers in a multimillion dollar class action against the bank ; this case is being watched closely by banking and legal circles as legal action against several other big banks , including Macquarie and the Commonwealth Bank , which could be worth hundreds of millions of dollars , hinges on the result of the case . "Big corporations will just always be able to come up with some sort of butterfly wings in Brazil causes earthquakes in Japan scenario," he said. The debate centres on whether the bank imposed unfair penalties when it charged customers up to $ 35 for being late paying their credit card bill ; it has maintained the fees were legal .
ANZ is preparing for the conclusion this week of a long running legal battle over bank fraud as the High Court hears a final appeal from lawyers representing their customers in a multimillion dollar class action against the bank ; this case is being watched closely by banking and legal circles as legal action against several other big banks , including Macquarie and the Commonwealth Bank , which could be worth hundreds of millions of dollars , hinges on the result of the case . The debate centres on whether the bank imposed unfair penalties when it charged customers up to $ 35 for being late paying their credit card bill ; it has maintained the fees were legal .