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If his banking reputation was in tatters, his skills as a retailer were still in demand.
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SWISS banks' reputation for safety is not just a piece of marketing.
An increase of liquidity risk decrease the bank reputation and it results a flight toward others investment with greater return (Berg et al. (2013)).
This paper develops a bank reputation model, in an environment of economic crisis specifically marked by the nationalization of Bankia and the offer of financial rescue from the Eurogroup to Spain.
It's misleading, unethical, and fraudulent," says Jin, "We deposited our money with an international banks in Hong Kong because we trusted Hong Kong and the banks' reputation, their image, the first-class services".
"This whole saga has severely damaged the banks' reputations.
The damage to implicated banks' reputations will be harder to fix.
Until Thursday, Wall Street regarded the foreclosure issue as a risk to the banks' reputations, rather than their bottom lines.
As Wall Street banks' reputations sink, "they are losing the more active seat at the table in discussions about policy".
Banks' reputations have also been stained by the corporate scandals at Enron, WorldCom and Parmalat.Last year banks were buoyed by America's consumer-led, debt-fuelled economic recovery.
Agius went so far as to say that banks' reputations will not recover until progress is made on pay and bonuses.
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