What Capitalism Can Learn From World's Religions

It may be the season for peace on Earth and goodwill to all men, but you don’t have to look very far in the financial pages to find stories about businesses doing exactly the opposite. NatWest, for example, has just agreed to pay US$35 million (£26 million) to the US authorities after pleading guilty to fraudulent activities in the financial markets. KPMG, one of the largest professional services firms in the world, has temporarily resigned from bidding for UK government contracts. It is under pressure from the authorities to reform after being fined £13 million by an industry tribunal for serious misconduct relating to the collapse of bedmaker Silentnight, and an investigation by the Financial Reporting Council that has found that KPMG partners provided false and misleading information during routine audit inspections.