Ethics And The Global Banking And Business - 1876 Words

What is ethics and why it is important in global banking and business? Ethics has been a topic of discussion for many years between scholars, professors, students, companies, and many other living in this century. According to a Santa Clara University business student, ethics could not be defined the same by individuals. Ethics cannot be â€Å"pinned down† to a certain definition, meaning that people perceive the word â€Å"ethical† in many different ranges. According to the business student, â€Å"ethics refers to well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues.† Meaning, ethics comes down to how you perceive right and wrong, based on your values and upbringing. Ethics in global banking and business today is imperative. According to Bill George, an author for Bloomberg Business, â€Å"To build a truly great, global business, business le aders need to adopt a global standard of ethical practices.† This sums up why global business leaders need to adopt ethical conduct. To be a success leader, and business, having ethical practices gives you a good standing in the world and a good reputation. When it comes down to it, companies who have not practiced ethical values have no survived as a company, or if they did survive, have a bad reputation and needed to recover tremendously. Working ethically requires a lot more than just a set of rules. The CEO of the company andShow MoreRelatedWhat Are Ethics And Their Importance? Global Banking And Business Today? Essay963 Words   |  4 Pages1. What are ethics and their importance in global banking and business today? Ethics are an extremely important in today’s day and age, especially in the global banking and business industries. As far as banking goes, there have been many scandals and this has all been caused by low morals. The morals that are displayed and acted upon by every countries financial sector have been shown to drive the economy and as displayed by the 2008 financial crisis, it is self-evident that a lack of morals canRead MoreLegal Ethical and Regulatory Issues1479 Words   |  6 PagesIssues The online banking industry is a growing and a continually evolving business. This paper will identify and describes the legal, ethical, and regulatory issues that impact online banking the Websites. Business ethics examines ethical rules and principles within a commercial context involved in e-commerce are faced with the same if not more legal issues as any other business; these issues include, but are not limited to jurisdiction, contract, and legitimacy in the banking. Banks such asRead MoreCorporate Social Responsibility Strategy for Bank of America1130 Words   |  5 PagesOrganizational Background- Bank of America is a multinational banking and financial services firm that has become a mega-giant the second largest holding company in the U.S. and the 3-4th largest bank in terms of overall capitalization. The headquarters are in Charlotte, North Carolina, with the bank servicing clients in over 150 countries and some type of business relationship with over 99 per cent of U.S. Fortune 500 companies and 85 per cent of the Global Fortune 400. Forbes lists BofA as the 3rd largestRead MoreThe Financial And Banking System Of The Standard Chartered Bank Iranian Transaction Scandal1466 Words   |  6 PagesFinancial and Banking System of: Standard Chartered Bank Iranian Transaction Scandal Presented In Partial Fulfillment of the Course Requirements for FIN 4634 International Banking Prepared for: Marcos A. Kerbel Participating Adjunct Professor Department of Finance Real Estate Florida International University Miami, Florida Prepared by: Deyved Massaad 3316868 786-266-1849 dmass019@fiu.edu 10/05/2015 †¢ What are ethics and their importance in global banking and business today? InRead MoreAnalysis Of Chase Co. s Culture Essay1648 Words   |  7 Pagesscrutiny due to the unethical behaviors that tend to be common in the industry. This has led to a public discontent for the industry, but JPMorgan Chase Co. is attempting to overcome that hurdle through a unique culture. This culture is founded on ethics while still maintaining a completive nature that is embedded in the industry. They have structured their organization and policies in a way to prevent and report unethical actions employees may engage in. Through various bits of research, we are ableRead MoreThe Business Operations Of Exim Bank Essay873 Words   |  4 Pagesand it bears a great significant for me.We will be experiencing with the practical business operations of EXIM Bank while approaching this report.It is a chance for the us to understand the real business world closely and introduce us with internal and external expects of company. We will be able to develop the analytical skill and schol astic aptitude from this report. Due to Deregulation the dimension of banking has been changing rapidly with Technological innovation and Globalization all overRead MoreThe Planning System at ANZ Bank Makes if Successsful Essay1700 Words   |  7 PagesProfit is the main objective of every business organization. Besides other tasks, they have to achieve the minimum objectives. The successful operation of any organization whatever the nature of it is largely depends upon the planning system that it adopts. So the planning for project is also the most important device to get success for a period. It plays a key role for the effective formulation and implementation of strategic plans. To protect the expectation of shareholders requires the effectiveRead MoreBanking Industry Meltdown: The Ethical Financial Risk Derivatives1485 Words   |  6 Pagesï » ¿Banking Industry Meltdown: The Ethical Financial Risk Derivatives Objective This work will examine the case Banking Industry Meltdown: The Ethical Financial Risk Derivatives and determine which moral philosophy is most applicable to an understanding of the banking industry meltdown and explain the rationale. The case study will be analyzed and white-collar crimes considered as to whether they are different in any substantive manner from other more blue-collar crimes. This study will determineRead MoreCase Study : Chase Co Essay950 Words   |  4 Pagesinstitutions. As global economy leader, it’s most important firms — J.P. Morgan, Chase Manhattan, Chemical, Bank One, First Chicago, and National Bank of Detroit gave a solid contribution to the finance innovation and the growth of the United States and the rest of the world. Clients and Consumer JPMorgan Chase Co. is a financial holding company which provide commercial and consumer banking services under the Chase brand. The commercial banking activities across business credit, commercialRead MoreEthics and Social Responsibility1313 Words   |  6 PagesEthics and Social Responsibility MGT/498 February 26, 2013 Ethics and Social Responsibility Companies, such as Enron and WorldCom brought new awareness of the terms ethics and social responsibility. Thus, corporations are including ethics as part of the company’s strategic planning objectives (Cato Institute, 2013). This writing will assess the role of ethics and social responsibility in developing a corporate strategic plan. Further, the considerations