Banker provides an obligation to maintain secrecy away from customers’ accounts

Maintaining secrecy isn’t only an ethical responsibility but lender is actually legally bound to save brand new situations of your own buyers magic. The main behind it responsibility is that revelation about the dealings of consumer to your unauthorized individual will get harm the fresh new reputation out-of buyers and also the lender is generally stored liable. The responsibility of keeping privacy will not quit on closure from membership otherwise to the loss of the new account owner. Continue reading