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FOUR (25 MARKS) a) A bank owes an implied duty to its customers not to divulge information about its customers to third parties. The breach
FOUR (25 MARKS) a) A bank owes an implied duty to its customers not to divulge information about its customers to third parties. The breach of confidentiality in the banker/customer relations can have serious ethical and legal implications. Discuss four (4) circumstances under which a bank can safely breach this duty of confidentiality. [12 marks] b) As Branch operation officer, Donald Trump is on your desk eager to open bank with your bank. He intimated that he and his wife have purchased a shop and they would like to open a business account. Outline the steps required to open the most suitable business account (8 marks) c) What necessary steps should be taken by the bank if they classify an account as unsatisfactory
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