Archbishop-elect Justin Welby writes in Bloomberg on virtue, vice and banks

Posted by Kendall Harmon

Late one night 20 years ago, when I was an oil executive rather than an Anglican bishop, I had run out of steam and patience toward the end of a complex multinational acquisition. We came to yet another bit of box ticking and I suggested we skip it, because we knew the material was accurate.

“Justin,” our wise investment-bank director said quietly, “you know that’s not how we do it.”

Under pressure, everyone is prone to make bad decisions and that story remains in my mind as I sit on the U.K.’s Parliamentary Commission on Banking Standards, listening to people talk about banks, bankers and their failures.

Read it all.


Filed under: * Anglican - EpiscopalArchbishop of Canterbury --Justin Welby* Culture-WatchGlobalizationLaw & Legal IssuesReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifeCredit MarketsCurrency MarketsLabor/Labor Unions/Labor MarketStock MarketTaxesThe Banking System/Sector* International News & CommentaryEngland / UK* TheologyEthics / Moral Theology

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