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Financial Disasters's ...Question regarding BT case?

shivanin

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Thread starter #1
My Question here is How Bankers's trust Case is Classified as Case of "Customer Conduct"...While it is clearly evident from Allen's reading that BT mislead and manipulated P&G and Gibson.

Why is it not a case of Misleading Reporting??
 

ShaktiRathore

Well-Known Member
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#2
Hi,
Bankers's trust promised its customers that it would be fair and ethical in all its dealings and business conduct. However the BT failed to keep up to its promise as it mislead and manipulated P&G and Gibson and did some unethical business therefore breaching the customer conduct(ethical guidelines promised to customers),hence it was a case of failure of Customer Conduct.

thanks
 

David Harper CFA FRM

David Harper CFA FRM
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#4

shivanin

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Thread starter #5
Thanks for this David...at least Its clear that the classification is strained. But now for the sake of Exam...I think I will go with Allen's division.
 
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