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Mortgage Broker News | 04 Sep 2014, 10:31 AM Agree 0
The Global Financial Crisis has fundamentally changed how the financial services industry approaches a number of issues, one of which is ethics.
  • Mortgage Guy Geoff | 05 Sep 2014, 12:51 PM Agree 0
    (Interesting...see the previous article about bank transparency vis a vis collateral charges.)

    However, regardless of the rhetoric and warm fuzzy platitudes, the harsh reality is that businesses are in business to deliver financial value to shareholders. If making the philosophical shift noted in this article can been proven to increase returns for shareholders then it will happen. If not then it won't.
  • Andrew | 05 Sep 2014, 01:02 PM Agree 0
    Maybe the whole trailer fees thing would do something about ethics. Brokers would be less concerned about getting that nice big paycheque upfront and more focused on making sure that their client gets good, solid advice.

    Yeah... wishful thinking.
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