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Response and Responsibility
Article

Response and Responsibility

Banks and the Fight Against Covid-19

Euromoney, 2020


Editorial Rating

8

Qualities

  • Overview
  • Concrete Examples
  • Hot Topic

Recommendation

In this probing inquiry, financial journalist Helen Avery interviews top executives at some of the largest global banks to compile a picture of their responses to COVID-19, as well as of the banking sector’s plans for a post-pandemic economy. Her report is rich with concrete examples of reprioritized activities, as an overwhelming majority of these banks stepped up to aid customers and employees caught in the crisis. Financial executives and shareholders will find solid approaches to dealing with the unanticipated in this accessible article.

Take-Aways

  • Banks have pledged to take corporate responsibility for their businesses’ conduct.
  • During the COVID-19 pandemic, financial institutions are supporting their staffs, customers and local communities.
  • Regulators are urging banks to preserve capital to minimize the impacts of a potential financial crisis.

About the Author

Helen Avery is the corporate social responsibility editor for Euromoney.