TodayEco.com

13 Oct '12, 10am

Banking scandals - Ethical bank pushes for small change #csr #ethical #banking

Consumers’ rejection of mainstream banks in the wake of trust-shredding scandals appears to be gathering pace Barclays’ Libor mess. HSBC’s money-laundering scandal. Standard Chartered’s Iran trading. Various mis-selling episodes. It has been a bad few months for banks. Every week, it seems, brings another reason for the public to lose trust in once-respectable financial institutions. Trust is at an all-time low, not least in the UK. According to Edelman’s 2012 Trust Barometer, just 29% of people in the UK trust the banks. In its survey of 25 countries, only four nations had lower rates of trust. But will quiet anger translate into anything concrete on Britain’s high streets? In the past, annoyance with financial providers has not necessarily led customers to switch their money away from the UK’s big five banks – HSBC, Barclays, Lloyds Banking Group, Royal Bank of Scotland ...

Full article: http://www.ethicalcorp.com/stakeholder-engagement/analysi...

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