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In the wake of the financial crisis: rebuilding the image of the finance industry through trust

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  • James, Erika Hayes

    ()
    (University of Virginia)

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    Abstract

    The financial services industry is undergoing one of the most tumultuous times in its history and the consequence has been a precipitous decline in the public‟s trust in the industry and in its leadership. This article provides an overview of the construct of trust, describes why crisis events erode trust, and offers guidelines for how to rebuild trust following a crisis. Using the principles of crisis leadership as a backdrop, the article demonstrates the significance of integrity, positive intent, capability, mutual respect, and transparency on the trust building process.

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    Bibliographic Info

    Article provided by Capco Institute in its journal Journal of Financial Transformation.

    Volume (Year): 27 (2009)
    Issue (Month): ()
    Pages: 37-41

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    Handle: RePEc:ris:jofitr:1382

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    Keywords: Financial services industry; trust; credbility;

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