Globalization of the Financial Sector

Throughout my university career, globalization has often been brought up in courses in an economic sense; for example, I’ve been taught that globalization increases competition in individual economies, making markets more efficient. However, it’s also important to recognize the social and political effects of globalization. The Peterson Institute for International Economics describes globalization as “the …

Codes of Conduct

A Code of Conduct reflects the organization’s daily operations, core values and overall company culture. The Code of Conduct and Ethics for TD Bank is their roadmap to maintaining their reputation. Continued adherence to the Code and to TD’s values of fostering a diverse, inclusive and safe workplace is essential to their success (TD , …

Safety Risks and Role of Union in Banking Sector

Workers in the banking sector are faced with multiple occupational and safety risks such as workplace violence (from aggressive robbers), psychological stress to meet sales targets, bullying, ergonomic issues and mechanical hazards. In 2013, a female bank teller and a customer were both shot by two men during a violent robbery at the TD Canada …

Banks Working for the Triple Bottom Line

Banking is overseen highly to ensure transparency and accuracy with financial reporting as we discussed in our last blog. It comforts stakeholders to know that the institution where they put their hard earned money is trustworthy and that they can, at any time, go online and get a true picture of that particular institutions financial …

Financial Reporting

As strategic advisors and leaders, building a culture of transparency is vital now more than ever (CPA, 2017). Unethical financial reporting can cause major problems, not only within an organization, but also for the economy. As seen in the Enron scandal, unethical financial reporting affects individuals, investors, companies and the economy as a whole. (Accounting …

Sustainability in the Financial Sector

The term “sustainability” has definitely been a buzzword in the business world for the past decade or so, with most of this focus being on the environmental sustainability. For example – when considering the bigger picture of technological inventions, the concept of clean technology is extremely new; however, “[g]lobal clean technology activity is expected to …

Credit Union Externalities

“Canadian Credit unions are grounded in the prosperity of the communities they serve. Locally, this spirit drives community and economic impact and inspires innovative approaches to every day banking” – Canadian Credit Union Association With increasing fees and uncertain regulations of banks, many consumers are turning to the credit union as an alternative. (The Street, …

Ethics In Bank Advertising

Canadian banks are employing different means of advertising like television advertising,online advertising, local newspaper advertising and magazine advertising. Online advertising is one of the most common forms of advertising nowadays.  As millenials are most attracted towards online resources, banks in Canada have personalized their services to satisfy the banking needs of their customers. An example …

B2C Retail Banking

To give real service you must add something that cannot be bought or measured with money, and that is sincerity and integrity. — Douglas Adams

Hello

Welcome to our BUS306 research blog on B2C retail banking Ethics We are Jagmeet, Janine, Melanie, and Suhasini, your fellow classmates. Please join us this semester as we take a deeper dive into the ethical operations of Business to Consumer banking.