Ethical issues in the context of banks as public trust organizations
Ethical issues in the context of banks as public trust organizations

Summary/Abstract: The principles and ethical values have an impact on how a financial institution is perceived by stakeholders and whether they will trust it and entrust their funds. Banks also see benefits in running a business in an ethical way – honest and reliable approach to the client pays off in terms of his or her trust and long-term cooperation. Ethical action is a way of functioning that provides a competitive advantage that cannot be substituted in any way. In the context of the debate on the ethical side of banks the question arises whether it is possible to reconcile the realization of bank’s economic goals with the observance of moral values?

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