BankingScandals

Belgium Introduces New Oath for Bankers to Ensure Integrity and Trustworthiness

3 months ago

In a sweeping move to restore public confidence in the financial sector, Belgium has implemented a groundbreaking requirement for its bank executives and senior officials to pledge an oath of honesty and integrity. This new mandate arises in the wake of multiple financial scandals that have rocked the industry, casting doubt on the ethical standards upheld by banking professionals.

ANZ's Outgoing CEO Faces Increased Pressure for Pay Reduction Amid Scandals

4 months ago

The departure of ANZ Banking Group's Chief Executive Officer, Shayne Elliott, has sparked a heated debate over the appropriateness of his severance package. As Elliott prepares to step down following a series of damaging scandals, calls have intensified for a substantial reduction in his bonus and compensation, reflecting the unrest among stakeholders and the public.