Financial Services: Is The Industry Mending Its Ways?

In recent years, financial services companies, and more often, banks, have been in the news for mostly the wrong reasons. Gaming the system in LIBOR, laundering money for the Iranians, misrepresenting mortgages, mis-selling insurance, rogue or ‘whale’ trading, questionable foreclosures, assisting tax-dodgers, hedge funds embroiled in insider trading – the list of shenanigans goes on. No prizes for guessing which industry was voted the least trusted by the general public in the 2013 Edelman Trust Barometer: Financial services. Financial services least-trusted by public “A crisis of culture – Valuing ethics and knowledge in financial services,” a study by the Intelligence…