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Book chapter
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Reference no. BEP12812
Chapter from: "Stop Harming Customers"
Published by: Business Expert Press
Published in: 2024

Abstract

This chapter is excerpted from 'Stop Harming Customers'. Since the year 2000, banks have been fined almost a third of a trillion dollars. Yet, every year billions more are imposed. Why? This book explains why banks break the law (it's not just the money), explains the challenges facing Compliance functions, considers that the majority of financiers don't want to do wrong, and puts forth a proposal to stop banks from harming customers. The lessons in this book are applicable to any business where profit motives can conflict with customer benefit - in short, every business. (And if you're interested in cryptocurrency, this book is for you too!)

About

Abstract

This chapter is excerpted from 'Stop Harming Customers'. Since the year 2000, banks have been fined almost a third of a trillion dollars. Yet, every year billions more are imposed. Why? This book explains why banks break the law (it's not just the money), explains the challenges facing Compliance functions, considers that the majority of financiers don't want to do wrong, and puts forth a proposal to stop banks from harming customers. The lessons in this book are applicable to any business where profit motives can conflict with customer benefit - in short, every business. (And if you're interested in cryptocurrency, this book is for you too!)

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