{"id":7115,"date":"2012-12-21T12:58:30","date_gmt":"2012-12-21T11:58:30","guid":{"rendered":"http:\/\/www.ethicalquote.com\/?p=7115"},"modified":"2012-12-24T13:07:20","modified_gmt":"2012-12-24T12:07:20","slug":"reputation-is-crucial-for-bank-investors","status":"publish","type":"post","link":"https:\/\/www.covalence.ch\/index.php\/2012\/12\/21\/reputation-is-crucial-for-bank-investors\/","title":{"rendered":"Reputation is crucial for bank investors"},"content":{"rendered":"<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/26c1b3c6-4b5f-11e2-88b5-00144feab49a.html#axzz2FyBltsxh\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-7118\" title=\"Reputation is crucial for bank investors\" src=\"http:\/\/www.ethicalquote.com\/newTemplate\/wp-content\/uploads\/2012\/12\/121221_banks.jpg\" alt=\"\" width=\"200\" height=\"130\" \/><\/a>The  humbling of two global banks in recent weeks has been greeted very  differently on opposite sides of the Atlantic. Still, from the  perspective of either side, large fines for interest rate rigging by Swiss bank UBS, and money-laundering by HSBC, point to the same conclusion: from now on, banks must protect their reputations as their most valuable asset. On the US side, there has been considerable grumbling about the \u201clenient\u201d treatment meted out to HSBC and UBS.  Associations with Mexican drug cartels and Iranian militants or  documented solicitation of price fixing usually attract the attention of  federal prosecutors. Yet, while UBS\u2019s Japanese subsidiary did plead  guilty to one criminal count and two of its employees face charges, not a  single HSBC employee faces any form of criminal or civil sanction. Nor  has the parent entity been charged in either case. Given similar recent  problems at Barclays and Standard Chartered the question from the US perspective becomes: Why are British and European banks not more law compliant? <a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/26c1b3c6-4b5f-11e2-88b5-00144feab49a.html#axzz2FyBltsxh\" target=\"_blank\">More&#8230;<\/a><\/p>\n<p>News selected by Covalence | Country: Global |  Company: UBS, HSBC, Standard Chartered, Barclays\u00c2\u00a0 | Source: <a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/26c1b3c6-4b5f-11e2-88b5-00144feab49a.html#axzz2FyBltsxh\" target=\"_blank\">Financial Times<\/a><a href=\"http:\/\/au.news.yahoo.com\/thewest\/opinion\/post\/-\/blog\/15554751\/google-microsoft-launch-charity-efforts\/\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The humbling of two global banks in recent weeks has been greeted very differently on opposite sides of the Atlantic. Still, from the perspective of either side, large fines for interest rate rigging by Swiss bank UBS, and money-laundering by HSBC, point to the same conclusion: from now on, banks must protect their reputations as&hellip;<\/p>\n","protected":false},"author":665,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"wds_primary_category":0,"wds_primary_post_series":0,"footnotes":""},"categories":[1],"tags":[],"post_series":[],"class_list":["post-7115","post","type-post","status-publish","format-standard","hentry","category-news","entry","no-media"],"_links":{"self":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/7115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/users\/665"}],"replies":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/comments?post=7115"}],"version-history":[{"count":0,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/7115\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/media?parent=7115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/categories?post=7115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/tags?post=7115"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/post_series?post=7115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}