The ethics of banking (and the balance of media)
A fresh writedown for UBS. An ethical writedown, that is. The below chart compiled by Covalance – an ethical research outfit. As you’ll notice, UBS – generally a poorly behaved child – has been very naughty since mid-April. (…) HSBC, meanwhile, is good as gold. Last year major positive issues regarding the Banking industry have been: Climate Change, Energy, Diversity, CSR awards & rankings, Student grants, research & education, and Project finance & controversial loans. Major negative issues: Subprime, Project finance & controversial loans, Climate Change, Human Rights, Job creations/cuts, and Apartheid. Downsizing and subprime weighing heavy on UBS. Not, however, being a bank to shy away from the odd third-world loan to a despotic nasty, never really put the Swiss house in the running. The really interesting part in the Covalance report though is below: ostensibly – a graph to indicate the sourcing of Covalence’s (voluminous) data; by proxy – a measure of how bearish different media outlets are. > Continue.
Publication: Covalence in the News | Country: Global | Company: Banco Santander, Bank of America, Barclays Bank, BBVA,