Respuesta :
Answer:
The bank has low ethical standards.
Explanation:
1. In the US Tax scandal, it was a case where the bank aided its US clients to evade Tax by not disclosing their accounts to the IRS which was against US law; a very unethical practice indeed.
2. A rogue Trader is when a person (or corporate person) goes beyond or breaches the normal trading limits.
It was unethical because someone representing the bank was able to conduct unauthorised trading that resulted in great losses to the bank.
3. Libor manipulation.
Libor meaning London Interbank Offered Rate an official rate in which international banks in London lend to reach other.
By colluding with interdealer brokers they manipulated these lending rate inorder to make profits; which is an unethical business practices.
A rogue trader is when a person (or corporate person) goes beyond the business limits and laws. This mini case tell us about the unethical practices of the banks.
1. US Tax scandal,
It was a case in which the bank denied to disclose accounts details of their US clients to the IRS which was against US law and a very unethical deed.
2. A rogue trader is when a person (or corporate person) goes beyond the business limits and laws.
3. Libor manipulation.
The full form of Libor is London Interbank Offered Rate. It is an official rate in which international banks in London lend to reach other.
Brokers manipulated these lending rate in order to make profits; which is an unethical business practices.
Therefore, this mini case tell us about the unethical practices of the banks.
To know more about Ethics of Bank,
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