Banking with Integrity: The Winners of the Financial Crisis?(Humanism in Business Series)

Banking with Integrity tells the stories of banks which were doing well during the financial crisis of 2007-2010. While other banks went bankrupt, were nationalized, or struggled for survival, some of our featured cases increased their market share, attracted more customers and avoided home evictions of their clients. By looking at the healthier population of financial service firms we explore what in their management approach made these banks 'immune' to the financial crisis. We find that these banks had stronger ties with the society around them contributing both to financial as well as human development. By staying close to clients and stakeholders, involving them in corporate governance mechanisms and exercising strict risk management practices, most of our cases avoided the negative consequences which other banks experienced. Adopting some of the lessons from these banks might serve as a 'vaccine' to avoid the impacts of any future financial turmoil.

Table of Contents:
Introduction ABN Amro Real; P.Palacios & M.Pirson Banca Poplare Etica; A.Vaccaro Banca Prossima; A.Dal Colle & M.Morganti BB&T; S.Williams & J.J.Griffin CCML; F.Wilson, J.E.Post & F.Robert Wilson Cooperative Bank of Chandia; T.Katerinakis GLS Bank; E. Schneeweis ICICI; R.Sharma & P.Abraham People's United; A. Gangahar Shore Bank; F.Wilson & J. Post Triodos; F.J an de Graaf Wainwright; C. Arena Investment Banks; A. Gangahar Conclusion

About the Author :
HEIKO SPITZECK is a Professor at Fundacao Dom Cabral, Brazil. Previously he was a lecturer at Cranfield University's Doughty Centre for Corporate Responsibility in the UK. He obtained his Ph.D. in Business Ethics at the University of St. Gallen in Switzerland and held visiting scholar positions at the University of California at Berkeley and Fordham University in New York, USA. MICHAEL PIRSON is an Assistant Professor at Fordham Graduate School of Business in New York, USA, as well as a Research Fellow and Lecturer at Harvard University, USA. Before receiving his Ph.D., Michael worked in international management consulting for several years. He also gained experience in the political arena while working on Hillary Clinton's Senate campaign. Michael currently serves on the board of three social enterprises. CLAUS DIERKSMEIER is Associate Professor for Philosophy at Stonehill College, Boston, USA, with a special interest in the theory of freedom and the history of liberal thought in Europe, North and South America. He has published several books on legal, political, and religious philosophy and works currently on topics of globalization ethics and corporate social responsibility.