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Is Northern Rock Not in Ethical Compliance? | The Ethical Banker [ Business Ethics - Banking Ethics ]

By steverhode 347 days ago from http://ethicalbanker.org

I’m wondering if we as a society consider it to be ethical for a bank to extend sub-prime or relaxed loans to consumers but not to extend the same degree of laxness or flexibility on the back end if a consumer gets into financial troubles or is that entrapment? If a bank knows they are not in compliance with a code or regulation but continues to operate in non-compliance surely that must be against the banks ethics or is it if compliance would impact profitability?

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Tags: banking ethics ethics ethical business ethics


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