--- title: "Meaning & Key Takeaway of: Banks need to think through their ethics…" description: "\"Banks need to think through their ethics very carefully, and many have done so. I dont know any bank that dismisses the concept of ethical banking.\" — ..." image: "https://sms4smile.com/quotes/i/a1c/justin-welby-24211_banking_banks-need-to-think-through-their-ethics_1414713.jpg" --- # Banks need to think through their ethics very carefully… ![“Banks need to think through their ethics very carefully, and many have done so. I dont know any bank that dismisses the concept of ethical banking.” quote by Justin Welby](https://sms4smile.com/quotes/i/a1c/justin-welby-24211_banking_banks-need-to-think-through-their-ethics_1414713.jpg) [Download](https://sms4smile.com/quotes/i/a1c/justin-welby-24211_banking_banks-need-to-think-through-their-ethics_1414713.jpg) [Open image](https://sms4smile.com/quotes/i/a1c/justin-welby-24211_banking_banks-need-to-think-through-their-ethics_1414713.jpg) > “Banks need to think through their ethics very carefully, and many have done so. I dont know any bank that dismisses the concept of ethical banking.” [Justin Welby](https://sms4smile.com/quotes/author/justin-welby/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Banks must rigorously evaluate ethical implications, though many claim ethical compliance, true ethical banking remains rare. **In simple terms:** Banks need careful ethical scrutiny. Key Takeaway Demand transparency and accountability in finance. Themes finance ethics accountability Mood critical hopeful Type business philosophical When to use this quote - investment decisions - regulatory compliance - consumer advocacy - CSR reporting Key Concepts corporate governance social responsibility risk management Questions to Reflect On - How can banks prioritize ethics over profit? - What standards define ethical banking? A Different Perspective Profit motives often conflict with ethical goals. ★ ★ ★ ★ ★ No ratings yet [Banking](https://sms4smile.com/quotes/about/banking/) [Customer](https://sms4smile.com/quotes/about/customer/) [Ethics](https://sms4smile.com/quotes/about/ethics/) [Philosophy](https://sms4smile.com/quotes/about/philosophy/) [Thinking](https://sms4smile.com/quotes/about/thinking/) ## Related quotes > [Banks need to think through their ethics very carefully, and many have done so. I don't know any bank that dismisses the concept of…](https://sms4smile.com/quotes/justin-welby/banks-need-to-think-through-their-ethics-very-carefully-and-many-have-2/) [Justin Welby](https://sms4smile.com/quotes/author/justin-welby/) > [I think the ethics and morals of genetic engineering are very complicated. It intrigues me.](https://sms4smile.com/quotes/roger-spottiswoode/i-think-the-ethics-and-morals-of-genetic-engineering-are-very/) [Roger Spottiswoode](https://sms4smile.com/quotes/author/roger-spottiswoode/) > [If people knew of ethics violations, they should have sent them to the Ethics Committee. If you think there was serious ethics violation that…](https://sms4smile.com/quotes/barney-frank/if-people-knew-of-ethics-violations-they-should-have-sent-them-to-the/) [Barney Frank](https://sms4smile.com/quotes/author/barney-frank/) > [I think ethics is always there; it's not always a very thoughtful or reflective ethics.](https://sms4smile.com/quotes/peter-singer/i-think-ethics-is-always-there-it-s-not-always-a-very-thoughtful-or/) [Peter Singer](https://sms4smile.com/quotes/author/peter-singer/) > [So I think ethics is the broader thing that's less focused on prohibitions and is more perhaps looking at principles and questions and ideas…](https://sms4smile.com/quotes/peter-singer/so-i-think-ethics-is-the-broader-thing-that-s-less-focused-on/) [Peter Singer](https://sms4smile.com/quotes/author/peter-singer/) > [You'd be a fool or a deluded idealist to think ethics would be prominent on Wall Street. 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I don't know any bank that dismisses the concept of…](https://sms4smile.com/quotes/justin-welby/banks-need-to-think-through-their-ethics-very-carefully-and-many-have-2/) [Justin Welby](https://sms4smile.com/quotes/author/justin-welby/) > [I happen to know a bit about banking.](https://sms4smile.com/quotes/justin-welby/i-happen-to-know-a-bit-about-banking/) [Justin Welby](https://sms4smile.com/quotes/author/justin-welby/) > [It is absolutely right for the state to define the rights and status of people cohabiting in different forms of relationships, including civil partnerships.](https://sms4smile.com/quotes/justin-welby/it-is-absolutely-right-for-the-state-to-define-the-rights-and-status/) [Justin Welby](https://sms4smile.com/quotes/author/justin-welby/) > [As a civilised society, we have a duty to support those among us who are vulnerable and in need. 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Up here with the song of the engine and the air whispering on my face as the sunlight and shadows play…](https://sms4smile.com/quotes/stephen-coonts/i-am-alive-up-here-with-the-song-of-the-engine-and-the-air-whispering/) [Stephen Coonts](https://sms4smile.com/quotes/author/stephen-coonts/) > [It's not that I have any general aversion to technology but online banking just seems to be asking for trouble. 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As family life, it was very conventional, happy, and comfortable. We weren't wealthy, but…](https://sms4smile.com/quotes/julia-child/my-father-was-in-real-estate-banking-and-land-management-as-family/) [Julia Child](https://sms4smile.com/quotes/author/julia-child/) > [I only know one thing: Everything I learned about the banking business, I learned in the banking towers of the Societe.](https://sms4smile.com/quotes/jerome-kerviel/i-only-know-one-thing-everything-i-learned-about-the-banking-business/) [Jerome Kerviel](https://sms4smile.com/quotes/author/jerome-kerviel/) > [I have nothing against investment banking, but it's like massaging money rather than creating money.](https://sms4smile.com/quotes/michio-kaku/i-have-nothing-against-investment-banking-but-it-s-like-massaging/) [Michio Kaku](https://sms4smile.com/quotes/author/michio-kaku/) > [If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.](https://sms4smile.com/quotes/kenneth-fisher/if-you-ve-taken-econ-101-you-know-that-the-quantity-of-money-rises/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [I want the best people, not just on the banking side but on innovation and technology.](https://sms4smile.com/quotes/ana-patricia-botin/i-want-the-best-people-not-just-on-the-banking-side-but-on-innovation/) [Ana Patricia Botin](https://sms4smile.com/quotes/author/ana-patricia-botin/) > [“Intellectually and compassionately explaining the reason freedom works is required for credibility.”](https://sms4smile.com/quotes/ron-paul/intellectually-and-compassionately-explaining-the-reason-freedom/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [A banking system is an act of faith: it survives only for as long as people believe it will.](https://sms4smile.com/quotes/michael-lewis/a-banking-system-is-an-act-of-faith-it-survives-only-for-as-long-as/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Browse all 571 Banking quotes ](https://sms4smile.com/quotes/about/banking/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Banks need to think through their ethics very carefully, and many have done so. 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