Bankers are not inherently dishonest; rather, the banking culture leads them to act dishonestly, research suggests. A person who knows the truth but (for whatever reason) says differently is a liar. The Bible emphasizes the importance of making true statements about God. To purposely misrepresent God is a serious offense. A liar is defined, first and foremost, as someone who denies that Jesus is the Christ (1 John 2:22). “Trusting in lies” is consistent with forgetting God (Jeremiah 13:25). And those who claim to know God but contradict Him, add to His words, or refuse to follow or accept His commands are also called liars (1 John 2:4; 5:10; Proverbs 30:6).  Using a sample of 208 employees—128 at a large international bank, another 80 from other banks—Chicago Booth’s Alain Cohn, with the University of Zurich’s Ernst Fehr and Michel Andre Maréchal, tested whether the employees’ … Continue reading How the banking industry breeds dishonesty