This essay delves into the critical importance of ethics in business, using the Australian banking Royal Commission as a pivotal case study. The introduction sets the stage by highlighting the significance of ethical conduct in guiding business operations. The main body meticulously outlines major ethical breaches revealed by the Royal Commission, including conflicts of interest, lack of transparency, and failures in accountability. The essay then presents findings from an interview with a Bank of Queensland branch manager, providing insights into the bank's response to the commission's recommendations and changes in ethical practices. It also offers theoretical insights linking ethical practices to general ethical norms, such as honesty, fairness, and integrity, particularly within the context of the financial industry. The essay emphasizes the importance of ethical competencies in business and finance, including fair trading practices and the fiduciary duty of financial managers. The conclusion summarizes the key findings, reinforcing the impact of the Royal Commission on promoting ethical conduct in the banking and finance sectors, and the adoption of recommendations by financial institutions like the Bank of Queensland.