Word: bankses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
On the face of it, the two events might seem unconnected. After months of government criticism and a slew of ugly headlines, Daniel Bouton announced last week that he plans to quit as chairman of Société Générale, one of France's biggest banks...
The reasons are well known. Debt-fueled and gluttonous, bankers around the world took wild risks that their bosses and regulators failed to stop. Throw in Bernard Madoff's massive fraud, and trust right now is as scarce as good credit. According to the Chicago Booth/Kellogg School Financial Trust Index...
For governments, that's real cause for concern. It might not show up in the national accounts, but trust is vital for an economy to work. When we stash wages or savings with banks, we trust they'll be safe and accessible when we need them. When we squirrel money...
Just as alarming amid falling confidence: lower levels of trust in banks make customers more likely to yank their money, according to the survey. More than a tenth of those polled said they'd done just that during the crisis, preferring instead to keep their cash at home, despite the...
Restoring it is now vital. Part of that responsibility lies with the lenders themselves. "Banks need to know their business," said John McFall, chairman of Britain's Treasury Select Committee, during a recent debate on trust and financial markets organized by the Fabian Society, a left-leaning London think tank...