Case Studies

The Institute welcomes readers to contribute to its online library of Financial Ethics Case Studies (FECS). The cases should be financial in scope and contain ethical issues. These issues should then be discussed and analyzed using one or more rigorous frameworks of Moral Philosophy. Remedies or policy recommendations are encouraged.  Please send case studies to:


  1. Case Study: Deutsche Bank Money Laundering Scheme
  2. Ethics Analysis: The Panama Papers
  3. Wells Fargo Fake Accounts Scandal
  4. Ethics Analysis: Foreign Bribery Part 2: Trump Financial Ethics Watch Series
  5. Ethics Analysis: Trump’s Conflicts of Interest Part 1: Trump Financial Ethics Watch Series
  6. Ethics of US Student Loan Debt
  7. Pharmaceutical Industry Ethics
  8. The Valeant Pharmaceuticals Case
  9. Trade Adjustment Assistance and Game Theory
  10. Universal Basic Income: Empirical Studies
  11. Ethics of Universal Basic Income
  12. The Ethics of Tax Breaks on Bank Fines
  13. The Transparency Task Force
  14. 2008 Financial Crisis
  15. Review: The Big Short
  16. Ethics of Socially Responsible Funds
  17. Mitigating TBTF: The Australian Four Pillars Policy
  18. The Ethics of China’s Land Expropriation Rules and Reforms
  19. Necessity and The Minimum Wage
  20. Financing America’s Public Schools Ethically
  21. The Alchemy of the G-30 Report on Banking Conduct and Culture
  22. Has Bank Culture Changed to Ensure Ethical Behavior?
  23. More on the Ethics of Bitcoin
  24. Ferguson: A Financial Ethics Explanation
  25. Tax Systems: A Brief Ethical Discourse
  26. The Case of Goldman Sachs and 1MDB
  27. The Ethics of Bitcoin
  28. Ethical Issues of the Puerto Rico Debt Crisis
  29. Forex Scandal: The Ethics of Exchange Rate Manipulation
  30. Codes of Ethics for Financial Institutions
  31. Income Inequality Series
  32. Insider Trading Cases
  33. Taxation Cases
  34. India Series
  35. Asian Cases
  36. Global Financial Leaders Insist on the Necessity of Financial Ethics
  37. JPMorgan: Code of Ethics and Revisions Since the 2008 Financial Crisis
  38. Trans-Pacific Partnership: Common Good or Corporate Good?
  39. China and Corruption: The Case of GlaxoSmithKline
  40. Ethics and Trickle Down Economics: A Case Study of Kansas
  41. Community Banking: The Case of The Bank of Prairie Village
  42. Greek Debt Crisis: The EU Should Learn from UAE
  43. The Ethics of Executive Compensation: A Matter of Duty
  44. The Ethics of Swiss National Bank’s Currency Intervention
  45. Credit Default Swaps: An Update
  46. Profit and Ethics in Short Selling: The Case of Muddy Waters
  47. The Fall of Anglo Irish Bank
  48. Corporate Fraud in India: Case Studies of Sahara and Saradha
  49. Corporate Disasters in India: Bhopal, Uphaar and AMRI Hospital
  50. An Ethical Analysis of the 2014 FIFA World Cup in Brazil
  51. Cross Border Securities Enforcement: The Case of Tiger Asia Management, LLC
  52. The Effectiveness and Ethics of Economic Sanctions
  53. The Vatican Bank: Conforming to Caritas in Veritate?
  54. Policy and Poverty: US, UK and China
  55. Cheung Kong and the Apex Horizon Hotel
  56. Chinese Investments in Africa: The Ethics of Transparency
  57. The Bangladeshi Factory Collapse: A Case for Intervention and Policy Change
  58. The LIBOR Scandal and Reform Agenda: Can We Trust These Rates Again?
  59. What Should We Charge the Poor: Ethics in Microfinance
  60. Shining a Light on Dark Pools
  61. The EU Financial Transaction Tax Debate
  62. HSBC Money Laundering Case: “Too Big to Fail” does not mean “Too Big to Jail”
  63. Quantitative Easing and Income Inequality
  64. Bank of America’s Takeover of Merrill Lynch
  65. Insider Trading in Japan: The Nomura Case
  66. Private Equity Funds: Christian Ethics and Leveraged Buyout Funding
  67. The FSA vs. David Einhorn: A Case of Regulatory Overreach?
  68. Nationalization: Argentina vs. Spain, The YPF Repsol Case
  69. Jon Corzine and MF Global
  70. Dimon and the Whale
  71. The Ethics of Taxation Trilogy: Part I – An Ethical Analysis of Inheritance Tax
  72. The Ethics of Taxation Trilogy: Part II – The Buffett Rule: The Ethics of a Millionaire’s Tax
  73. The Ethics of Taxation Trilogy: Part III – Carried Interest and Taxing Private Equity
  74. Taiwan’s Asset Management Corporations
  75. Insider Trading: What Would Rawls Do?
  76. The Dearth of Ethics and the Death of Lehman Brothers
  77. Financing, Ethics, and the Brazilian Olympics
  78. Islamic Finance
  79. Taiwan’s Credit Card Crisis
  80. The Accumulation of Greek Debt
  81. Goldman Sachs and the ABACUS deal
  82. High Frequency Trading
  83. Hedge Funds
  84. Disclosure: The Bernie Madoff Case
  85. Mark Cuban and Insider Trading
  86. IndyMac and the Office of Thrift Supervision
  87. Lehman Brothers and Repo Accounting
  88. Municipal Reinvestment Case
  89. Raj Rajaratnam and Insider Trading