Banking an Ethical Dilemma Essay - 3052 Words

Tutor Name: David Pearson Module Code: BFE0012 Introduction to Financial Services By Martin Chance U1065521 Deadline: 8/04/2011 Assignment: Banking: An Ethical Dilemma? Introduction In this report, I plan to discuss the question Banking: An Ethical Dilemma? Within this is I will discuss ethical dilemmas in association with banking. I will firstly start by giving definitions of what is meant by the terms: Banking, Ethics, and Dilemma. From here, I will go on to identify what banks are and what the roles and importance are for the economy. Next, I will go on to explain banking operations and with this identification, I plan to then discuss the ethical dilemmas and show my opinion on the question ‘Banking: An Ethical Dilemma?’ I will†¦show more content†¦They main roles are to provide a service to corporate, personal, and private banking to customers. This can include bank accounts for money storage, loans, credit cards, mortgages, and saving as well as many more. Examples of these banks would be; HSBC, Lloyds TSB amp; NatWest. Central banks are the main bank within a national, and have many roles, which are vital in the economy. Central banks such as The Bank of England unlike retails banks are need to keep the economy financial stable. The Bank of England’s roles are to; set interest rates, create money supply, lender of last resort, they are the bankers bank and the place of settlement and they have to regulate these to provide paramount service for the economy. Investment banks are otherwise known as merchant banks. The main purposes of these banks are raising capital for customers, businesses or for the government. This can be achieved by providing services for mergers and acquisitions as well as propriety trading, foreign exchange. Unlike retail banks, investment banks do not take deposits, these banks run from taking equity. Building Societies are financial institutions, which mainly provide saving accounts and mortgages. Unlike other banks, building societies are mutual which means that their customer are members and can therefore receive information and attending meeting regarding the progress or alterations in operations and have a right to vote on the actions taken. Building societies are run byShow MoreRelatedEthical Issues Of Securing Data Security1682 Words   |  7 PagesKumar Meruvu CUW ID: F00439850 Assignment: Term Project - Project 3 1. Topic: Data Security 2. Working Title: Ethical issues in Securing Data 3. Thesis Statement: In this paper the primary motive is to provide the ethical issues related to data security. This paper provides the ethical issues facing by the individuals even the security of the applications is so high. 4. Abstract: Ethical issues are the major concern in todays secured data communication and electronic commerce. 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