Have you ever though about your bank and what it is investing in?
2007-05-12 08:08:28 · 4 answers · asked by j_emmans 6 in Business & Finance ➔ Corporations
No
2007-05-12 08:16:18 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Normative ethics bridges the gap between meta-ethics and applied ethics. It is the attempt to arrive at general moral standards that tell us how to judge right from wrong, or good from bad, and how to live moral lives. This may involve articulating the character or good habits that we should acquire, the duties that we should follow, or the consequences of our behavior on ourselves and others.
Banks are a business before all other. If they pay you 3% interest means they need to make a lot more than 3%. The more you deposit in a bank the more they can borrow from the federal bank for loans and mortgages. So you are a customer to a bank.
Check your banks quarterly closings. You most likely will make more money investing in stock in your bank than investing 'in' your bank.
Moral ehtics and business ethics sometimes collide and contradict our own values. If you don't like porno, your not likely to buy it. However, if it promised you 25% return, you may reconsider your moral ethics and decide with your business ethics.
Walk into a bank you've never been before. Tell the manager you have 50,000 maturing you need to reinvest. You will soon have coffee and a interest rate higher than the advertised rate in the window. Now walk across the street into a bank to cash a check for $50 and tell them you don't have an account there. Soon, security will show you the door. No coffee here.
2007-05-12 10:21:59 · answer #2 · answered by Michael P 2 · 2⤊ 0⤋
Yes, of course... assuming they provided a good reliable service, didn't charge me over-the-odds for any slip-ups eg going overdrawn by £1 for 1 day .. and maybe even paid a decent rate of interest on my current account when it's in balance .... for sure NOT because they employed some PR spin-jockey to push 'ethical' at me ...
Do I care what my current Bank is investing in ?
Well not really = I mean, why should I waste my time trying to discover information that they plainly aren't going to tell me, even if I was a shareholder, since to do so could expose them to losses if the competition took a reverse position ??
2007-05-12 09:57:20 · answer #3 · answered by Steve B 7 · 1⤊ 0⤋
It's a simple matter of business for me. Do they treat me and my money ethically, as a customer and as an investor in their bank? If I'm satisfied with that, I have to assume their ethics are largely acceptable.
2007-05-12 15:06:35 · answer #4 · answered by Ben 4 · 1⤊ 0⤋