Banks Try To Put Past Sins Behind Them

[Perry]

Banks putting their sins behind them? Good luck with that!
Alexander Smith
24/01/2013

Leaders of the world's largest banks have gone some way to persuading
investors that their industry's near-death experience is over, even
though the public still don't trust them. However, a recent rebound in
banking shares - which has pushed the Thomson Reuters Global Banks
index up 5 per cent this year - possibly hides a crisis still
threatening the existence of many in the sector as its leaders meet in Davos.

The Libor rigging scandal, rogue trading, mis-selling, the breaking of
anti-money laundering rules and debate over staff bonuses have all
ensured the banks remain in the dog house, four years after the
financial crisis brought many to their knees. Banks and financial
service companies were once again at the bottom of the pile in the
Edelman 'Trust Barometer', released this week in Davos where many
bankers are attending the World Economic Forum