Question

Please talk about Bank of America regarding its ethical issues.

provide introduction : you can describe the importance of ethical issues on the financial market

Body : What cause and impact from the ethical issues of a financial institution. How financial institution handle it.

Conclusion: Based on the body content.

Recommendation: you opinion to help them to prevent it.

References / Citations

This paper requires minimum 3 full pages.

Answer 1

Bank of America’s employees face actual, potential and perceived conflicts of interest on a regular basis during the normal course of business. A conflict of interest may occur when your personal interests, or the activities you perform on behalf of the company, interferes or appears to interfere with the company’s, shareholder’s or a client’s best interest. A conflict can
arise when you take action or have interests that make it difficult to perform your company work objectively. It must take reasonable steps to identify, mitigate, disclose or restrict business activities or practices that may pose a conflict. Some of the potential conflicts of interest that you must be aware of are:
Bribery and Corruption

Outside business activities

Gifts and entertainment Activities

outside of work

U.S. political contributions and activities Interaction with third parties

Personal relationships among employees

Charitable contributions (personal or company-funded)
Gifts among employees Corporate opportunities

Interactions with government employees
(Federal, State and Municipal)