article thumbnail

How Whistleblowers Deter Poor Behavior

The Horizons Tracker

They explored how the stock market reacted when 13 data leaks involving offshore tax evasion at Swiss banks were made public. The analysis found that the share price of the banks caught up in the various scandals seemed to behave inconspicuously in the ten trading days leading up to the data leak. Active deterrent.

Banking 131
article thumbnail

No Jab, No Job: Major companies take a hard line on mandated vaccinations

HR Digest

Bank of America: The bank will allow only vaccinated employees to reenter its offices. It will also require offshore workers in the Gulf of Mexico and some offshore support staff to be vaccinated by Nov. It is the latest bank to mandate vaccines for employees as the Delta variant of Covid-19 surges.

Company 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Offshore Centers Can Offer More than Low Costs

Harvard Business Review

Captive offshore operations centers — company-owned delivery units located in low-cost countries such as India and the Philippines — have come a long way. bank account opening, claims) and support functions (e.g., bank account opening, claims) and support functions (e.g.,

article thumbnail

What Africa’s Banking Industry Needs to Do to Survive

Harvard Business Review

Across Africa, banking is being redesigned. While the banks compete among themselves, they face existential threats from amalgam of entities, not necessarily possessing bank licenses. For example, from telecommunication companies to fintech entrepreneurs, African banking fees and commissions are under tremendous presure.

article thumbnail

The Global Banking Leaders of the Future

Harvard Business Review

The global banking industry faces two opposing truths. On the other, the crisis in the euro zone has forced banks to rethink their investments in numerous markets, if not retreat from them altogether. The result is a chasm of opportunity — a vacuum ready to be filled by banks from both the emerging and developed worlds.

article thumbnail

European Tax Avoiders Stay One Step Ahead of Authorities

Harvard Business Review

Swiss bank deposits owned by EU residents declined by 30% to 40% relative to other Swiss bank deposits in the two quarters immediately before and after the tax was introduced, with much of the money going to accounts in offshore centers such as Panama and Macau, Johannesen says. Global business'

article thumbnail

Before Automating Your Company?s Processes, Find Ways to Improve Them

Harvard Business Review

The purpose was to address historic quality issues as work was offshored, but these steps became redundant with the certainty of accuracy that RPA brings. The first, Lloyds Banking Group, the largest retail and commercial bank in the UK, is currently deploying enterprise-wide RPA rollout as part of its end-to-end $4.1

Process 13