Losses Rise If Reputation is Compromised

Klein, Andrea
March 2007
Bank Technology News;Mar2007, Vol. 20 Issue 3, p38
Trade Publication
The author reflects on the failure of financial institutions to protect themselves from reputational damage. She states that several financial institutions, especially smaller banks, lack reputational protection due to their inability to measure risk. She argues that failure to protect the reputation of these institutions will lead to business loss. She also suggests the advantage of enterprise-wide approach to gain success in the financial business.


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