Jeremy works for the loan department of D Bank. He approves a loan to Sunshine Pte Ltd, a company owned by his sister. On another occasion, a customer approaches D Bank for a loan to renovate his home. Jeremy recommends that the customer engage his brother’s company, which specializes in home renovations. Jeremy further informs the customer that his loan will not be approved if the customer does not choose his brother’s company as his renovation contractor. Are Jeremy’s actions in the above scenarios ethical? Why or why not? What should Jeremy have done?

Answer rating: 100% (QA)

Jeremys actions in these scenarios are considered unethical This is due to conflicts of interest in ... View the full answer