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The world of finance faces an ethics check
Fantastic early morning, Peter Vanham in this article in Geneva, filling in for Alan. Seen from the German-speaking globe, it is tricky to be upbeat about the condition of the planet of finance these days. (I’ll go away the analysis of the condition of U.S. democracy and justice to all those of you targeted on decrease Manhattan.) In Zurich, yesterday, shareholders of Credit rating Suisse gave the company’s outgoing board an indignant wave-off, at the bank’s final ever once-a-year meeting. I dialed in from Geneva, and listened to that quite much almost everything and everybody was blamed for the bank’s demise: greed of bankers, mismanagement of management, a absence of oversight by…
