Myvesta Foundation Articles

In a twist that might feel like the ultimate irony, two friends in the mortgage business in the United States are now facing the loss of their homes by foreclosure due to missed mortgage payments. The same phenomenon s being experienced by people in England as home repossession rates increase.

There are a lot more terms and conditions that apply to applicants and users of this card and while I applaud the marketing department of the Post Office for their clever flyer that is handed out at the local Post Office, doesn't it seem a bit beyond reason to encourage people to apply for this financial liability product over the phone when there is almost no possible way for them to be fully informed about what they are applying for? Are we all to assume that every customer will faithfully read the enclosed terms and conditions when they arrive with the new shiny Post Office Platinum Card?

Interesting answers from random people. Just shows that some customer fence mending might be needed.

My background in medicine taught me at an early age that the ethics of medicine are to do no harm to the patient and put the patient’s needs first. If medicine was only about the rate of financial return then more patients would be put through unnecessary tests to generate income or given medicines that provided financial incentive to the doctor. We view those situations as wrong and unethical.

So let’s jump right in. There are so many different situations and issues we can explore but I’d like to talk about banking and ethics on a macro level at the moment.

The other day I wrote an article complaining about UK banks but the reality is that the article could have been directed towards banks in almost any country. The comments posted on that article were interesting as well. Of special interest was the long comment posted by a current bank employee that wanted to assert in nine bullet points that the goal of banking was to make money and profits. I get that.