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Aug 3, 2020 · The holistic approach to banks’ ethics presented in this chapter bases the analysis of banks’ ethical orientation on the institutional nature of financial intermediaries, their ultimate strategic goals, their role in the economy and in society, and their effects on governance.
- laura.vigano@unibg.it
worthwhile exploring how ethics interacts with conduct and culture in banking and finance, and what firms must consider in order to ensure they continue meeting expectations.
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Sep 20, 2023 · By prioritizing ethical practices, banks can avoid reputational risks and potential legal consequences. Moreover, an emphasis on social responsibility allows banks to contribute to the overall well-being of communities and support sustainable development.
Mar 13, 2021 · The review of literature revealed that there are numerous ethical issues prevalent in the banking industry, like lack of proper ethics training, trust and transparency issues, growing...
Jul 11, 2023 · Using a hand-collected database of the revelation dates of enforcement actions on banks, we find evidence that banks are less likely to divest equity holding on banks with misconduct (fined banks) than their non-bank institutional investors peers.
Jun 25, 2014 · Here are some examples: deceit in the placement of preferred shares; holding and selling financial products with hidden “toxic” assets; mortgages with abusive clauses; questionable million-dollar remunerations, ironclad clauses and pensions for senior bankers; helping create a real estate bubble by granting loans based more on greed than prudenc...
Some bankers have misbehaved in other ways: LIBOR rigging, forex manipulation, tax evasion and money laundering, to mention just a few of the things that have come to light recently. This misbehaviour has destroyed a lot of trust over the past few years. And this has certainly hurt the bottom line: no trust, no profits.
