Bank Stress Tests Complete. Could Your Bank Now Pass a “Reputation” Test?

Reputation Us

Congratulations to all 34 of the nation’s largest banks for passing their annual “stress test” this summer. Each year the Federal Reserve conducts a financial health checkup on banks, called a stress test , to determine how solid they are. After the economic downfall of 2008 the Fed wanted to ensure banks would be able to continue to lend to consumers and businesses even in a severe financial crisis. banks have significantly rebounded from the 2008 financial shock.

Bank Stress Tests Complete. Could Your Bank Now Pass a “Reputation” Test?

Reputation Us

Congratulations to all 34 of the nation’s largest banks for passing their annual “stress test” this summer. Each year the Federal Reserve conducts a financial health checkup on banks, called a stress test , to determine how solid they are. After the economic downfall of 2008 the Fed wanted to ensure banks would be able to continue to lend to consumers and businesses even in a severe financial crisis. banks have significantly rebounded from the 2008 financial shock.

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PR ethics and journalism ethics in the face of media business meltdown

Stuart Bruce

Since columnist Peter Oborne sensationally resigned from The Telegraph with a devastating public critique of what he believed to be its declining ethical and editorial standards I’ve read very little about the role and implications for PR, corporate communications and business. When I asked HSBC whether the bank had complained about Wilson’s article, or played any role in the decision to remove it, the bank declined to comment.

Ethics 110

Web Ad Blocking – is it Ethical?

PRSay

Is ad-blocking ethical? The PRSA code of ethics states that: “protecting and advancing the free flow of accurate and truthful information is essential to serving the public interest and contributing to informed decision making in a democratic society.”. The ethical issue here fits in the category of a “right” versus ‘right” dilemma, a conflict of legitimate values. Emmanuel Tchividjian is a senior vice president and chief ethics officer at Ruder Finn, Inc.

5 crisis communications lessons from horror movies

PR Daily

Dancing around a few ethical boundaries here and there, or twisting the law will eventually catch up to you. Now the company faces a huge blow to its image, as well as its bank account. Silence does not bode well in a crisis, either. that the first 48 hours of a crisis are crucial in determining whether the company will survive. There will be “High Tension,” but a communication plan must be executed within 24-48 hours of the crisis onset.

Facebook launches ‘Privacy Checkup,’ most agencies offer social media services, and Starbucks closes 2,000 stores in China

PR Daily

Why you should care: As Facebook and other social media platforms grapple with data-sharing regulations and privacy concerns, PR and marketing pros should adjust their strategies now to make sure that data-gathering methods along with their use are both legal and ethical.

WeWork IPO debacle dings JP Morgan, Nike’s digital strategy pays dividends, and CEOs who speak out get a reputation boost

PR Daily

Reports have surfaced that the bank did not fully vet the finances of WeWork’s founder, Adam Neumann, who was using money raised for the company on personal expenses and investments. Wall Street banks might never learn that some prizes aren’t worth the cost, but other organizations can learn from their example. Learn to manage your risks, and don’t rely on regulators to sort out any ethical dilemma on the other side. How to lead employees through a PR crisis.

PR Advice For CEOs Under Fire

ImPRessions - Crenshaw Communications

In a statement before his testimony in front of the Senate Banking Committee, Wells Fargo CEO John Stumpf did what reputation experts generally counsel clients to do in the case of a breach of public trust. True Accountability Helps Defuse A Crisis. First, it was eclipsed by a fire-and-brimstone invective from Elizabeth Warren, who demand that he resign and called for jail sentences for senior executives who cross ethical lines.

Public Relations: The Two Sides of Information Access

Waxing UnLyrical

In particular, the Public Relations Society of America ‘s Code of Ethics addresses the “Free Flow of Information,” saying that the public relations professional will “maintain the integrity of relationships with the media, government officials, and the public.” Some of the organizations he has counseled include the Blood Bank of Hawaii, Medical Area Service Corporation and Boston Harborfest.

Chatbots as a public relations tool: proceed with caution

Stephen Waddington

Also in crisis communication. Answers simple requests for transaction information such as environmental data, transport information, or personal records such as a bank balance. It raises a significant ethical dimension. Chatbots are hot but where and how are they being deployed? Facebook launched a chatbot platform for its Messenger application last year. More than 1.3 billion people use Messenger so inevitably the market got hot.

Tools 90

Tokyo 2020 grapples with Olympic bid allegations

PR Daily

The payment, sent from a Japanese bank, was marked “Tokyo 2020 Olympic Game bid.” RELATED: Prepare for a crisis with these tips. Tokyo 2020 has no shortage of PR issues, but recent allegations have thrust the committee back into the spotlight. French prosecutors allege that Tokyo paid roughly $2 million to an account associated with Papa Massata Diack, son of former president of the International Association of Athletic Federations, in relation to its bid for the 2020 Olympic Games.

PR can do only so much; reputation management goes far deeper

PR Daily

Bank customers were notified about fraudulent accounts set up in their names expressly to ensure that executives and managers reached their sales quotas (Wells Fargo). I’ve often seen leaders think that a crisis can be resolved in a day or two, in the misguided belief that things can’t get worse,” said Stephanie Nora White , founder and managing partner of WPNT Ltd. , So, operate an ethically managed, well-intentioned organization.

Delta, FedEx seek to strike a balance on NRA backlash

PR Daily

RELATED: Prepare, protect and promote your organization and brand in a climate of crisis. ]. This is poor logic, and ethically disingenuous. wrote : "Unless you’re in an adjacent industry like hunting, having a public connection with the NRA is" highly detrimental to a brand, said Aaron Kwittken, CEO of Kwittken, a New York-based corporate brand reputation and crisis management agency.