Big Banks Have the Worst Reputations, and They Deserve Them
The headlines have become all too familiar. A mega bank engulfed in scandal as a rogue trader loses billions. Robo-signers foreclose on homes by the thousand. A CEO ousted after losing a board room showdown.
American Banker recently published its 2013 Reputation Survey and confirmed what should aleady be obvious: After five years of public relations nightmares, consumers don't think so highly of the megabanks like Bank of America . However, there are springs of hope, particularly for the regional and non traditional banks.
In the video below, Motley Fool contributor Jay Jenkins discusses the success stories like Union Bank (a subsidiary of Mitsubishi UFJ Financial Group ), SunTrust , and Charles Schwab .
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The article Big Banks Have the Worst Reputations, and They Deserve Them originally appeared on Fool.com.
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