Answer to Question #221005 in Management for Harsh

Question

Write an elaborate account on:

 “Current ethical issues w.r.t. Bank Scams or Airline Scams (Or Any other Scam Analyzed by You) “-

Where, ethical / moral standards are compromised, which lead to the loss of reputation as well as severe monetary loss of all the concerned stake holders.

Please Note (For Q1):

1) Use genuine data supplemented with numerical (Financial Data) of the Industry/ Company Selected, while narrating the issue ( Scam)

2) Explain the present Status of the Case.

3) Highlight the Ethical / Moral Problem which led to this issue.

4) Suggest how these instances can be prevented in future. 

Answer 1

There are numerous ethical issues prevalent in the banking industry, like lack of proper ethics training, trust and transparency issues, growing pressure of competition, complexity of banking operations, issue of money laundering, and so on.