News


Rise In Customers Who Use ‘Ethical Banks’

BBC News   
July 11th, 2012



athrasher/Flikr

The Barclays Libor scandal has caused such a furore that it has led to the resignation of the bank’s chief executive.

Bob Diamond stepped down because the external pressure on the bank risked “damaging the franchise”.

As the scandal dents the public’s faith in banks it is interesting to see that there is an increase in people investing in so-called ethical banks, which use their cash for good causes.

The Charity Bank, for example, has seen a 200% rise in new customers this year.

John Maguire reports.

This story originally appeared at: BBC News

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