Company UB became one of the biggest banks of Country SD. The Swiss banking laws make it illegal to share client details to any third parties. There were many ethical standards that were plaguing the reputation of Company UB. The different scandals include the tax evasion in Country US, rogue trader scandal, LIBOR manipulation and others. The governments and regulations where stacking fines against the bank. To explain: The people who should be accountable for the repeated ethical failings.

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Chapter MC, Problem 22.2DQ

Summary Introduction

Case summary:

Company UB became one of the biggest banks of Country SD. The Swiss banking laws make it illegal to share client details to any third parties. There were many ethical standards that were plaguing the reputation of Company UB.

The different scandals include the tax evasion in Country US, rogue trader scandal, LIBOR manipulation and others. The governments and regulations where stacking fines against the bank.

To explain: The people who should be accountable for the repeated ethical failings.

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