Banks need to think through their ethics very carefully, and many have done so. I don't know any bank that dismisses the concept of ethical banking.
Sentiment: NEGATIVE
The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.
Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
Banks are an almost irresistible attraction for that element of our society which seeks unearned money.
At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid.
Why do I have an issue with banks? They have their greedy fingers in everyone's money. No other industry has the power to deduct a bill or fees directly from your own bank account without so much as a notice.
You want banks to take some risk, but intelligent risk.
I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people.
I hate banks. They do nothing positive for anybody except take care of themselves. They're first in with their fees and first out when there's trouble.
The process by which banks create money is so simple that the mind is repelled.
You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way.