Banks’ institutional impact under scrutiny - Covalence Banking Industry Report 2008

[Antoine Mach]

Hello,

Interactions of banks with governments are increasingly criticized in terms of ethics; meanwhile, environmental initiatives and philanthropic donations are the industry’s main positive news cows, states a report published today by Geneva-based ethical reputation research firm Covalence – Covalence Banking Industry Report 2008.

Press Release - English: .doc .pdf

Best regards,

Antoine Mach


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Covalence SA Antoine Mach, Direction & Research
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Geneva-based Covalence tracks the ethical reputation of multinationals by sourcing information from companies, the media and civil society. EthicalQuote allows you to browse CSR rankings and data and it enables us to offer reputation management products to clients among multinationals, investors and institutions.

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[Erle Frayne Argonza]

Many banks' own survival comes first, at this juncture. This is the challenge of the moment, that the banks won't be taken over by asset management firms/hedge funds groups.