Banks Trick or Treat: June 2012

Point 2.15 in the Banking code of conduct reads : (we , the banks will ) Act with uncompromising integrity and fairness so as to promote complete trust and confidence in ourselves(the banks) and as an industry

Meaning of the words :

Uncompromising : not willing to give ground or make concessions about......

integrity: adherence to moral and ethical principles

fairness: absence of bias in specific realms

Trust : to be able to rely on........

Confidence: The hypothesis that a chosen course of action is the best and most effective.

This is a point that is being made by the banks that they will adhere to and we will be measuring actions of them against this.

See the Brandometer

Saturday, June 30, 2012

Banks Trick or Treat

http://www.sake24.com/Maatskappye/Finansiele-Dienste/Straf-bankboewe-wat-manipuleer-op-hoogste-vlak-20120628 The Article yesterday about Absa's English Masters and their shenanigans in Europe opens a can of worms that they will not easily get rid of. The integrity of banks have been shaken to the bones and my comments that you cannot trust banks are being confirmed yet again