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Article: Northern Trust Assigned Highest Ethics Reputation Rating by Rating Research; Trading Operations Hurt Ethics Ratings of Other Banks.
- Article from:
- PR Newswire
- Article date:
- April 17, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEDMINSTER, N.J. -- BEDMINSTER, N.J., April 17 /PRNewswire/ -- Northern Trust was the only bank assigned the "highest quality" Ethics Reputation Rating of E1 among 21 banking institutions rated by Rating Research LLC (RRC), a reputation rating agency. The Ethics Reputation Ratings follow the release of the agency's broader Corporate Reputation Ratings on the banking industry last month.
"Many of the banks that expanded into trading operations appear to have been hurt by their transactional culture and potentially weaker ethics environment," said Dory Gasorek, Principal and Rating Committee Chair, RRC. "Conversely, banks with a narrower business focus, with ...