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The 15.6 billion pounds ($21.8 billion) of non-voting shares effectively constitutes a fee of 6.0% fee on the 260.0 billion pounds ($358.9 billion) of assets being insured, on the face of it more expensive than the 2.0% rate being paid by Royal Bank of Scotland.
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In the wake of the Bank of America debit-card fee fiasco, it sure seems as if we need a new set of standards for what constitutes a reasonable fee.
These are the regulations that apply to referral fees, which deal with such weighty matters as whether a birthday present from a title agent or a mortgage insurance salesperson, to a lender, constitutes a prohibited referral fee.
If it decides not to fight the case, the OFT could try to agree with the banks on what constitutes a reasonable current account fee.
The group's personal finance campaigns manager, Doug Taylor, said: "The banks should do the right thing now: concede defeat, agree with the OFT what constitutes a fair unauthorised overdraft fee and refund their customers as soon as possible".
"Unfortunately for pizza delivery drivers, oftentimes the customer errantly believes the delivery fee constitutes a mandatory or pre-paid tip to the driver".
That is because there has been some debate over whether such a fee constitutes an "unreasonable restraint on alienation," a common-law doctrine that prohibits unreasonable restrictions on the sale of real estate.
It does so on the ground that this revenue does not really constitute an ancillary fee.
Subtract Motorola's $3 billion in cash on hand from the purchase price, and the fee constitutes an eye-popping 26 percent of Google's total consideration.
Corporations registered in Delaware pay an initial incorporation fee and thereafter an annual franchise tax; this constitutes a significant portion of the state's revenue.
What constitutes a species?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com