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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.
The chart below shows sources having generated positive and negative news naming Banks from Jun 2007 - May 2008. The amount of different sources is: 724.
Thus politicaldiscontent.blogspot.com, perhaps predictably, has very little - nay, nothing - good to say about the banking industry, while PR newswire, nothing bad. The rest we present without comment.
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[…] 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. […]
there’s something wrong with the scale - what are any of them doing in positive territory?
CFO Magazine purely negative? Should be a good indicator.