Do You Bank Ethically?

Dissatisfaction with poor customer service and City scandals have led many consumers to vote with their feet and abandon the big banks in favour of ethical substitutes

Emma Wall 18 October, 2013 | 3:51PM

Read more on ethical and sustainable investing in Morningstar's Ethical Investing Week 2013.

Why stop at your investment portfolio when it comes to ethical alignment? Banks and other financial institutions fail to make it past ethical funds' screening process due to how they invest depositors’ cash. Recent banking scandals such as the fixing of the Libor rate and the mis-selling of payment protection insurance have also confirmed SRI investors’ fears that some of the big banks simply do not possess good business ethics.

There is an alternative for savers who wish to vote with their feet - ethical banks. 

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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