Banks Value Social Responsibility More After Crisis

11/23/2010 05:12 am ET | Updated May 25, 2011
  • REUTERS nytimes.com

NEW YORK (Reuters) - The global financial crisis led to tighter regulation of the banking industry's excesses, but a top British banker says it had a more important result: greater emphasis on social responsibility.

Barclays President Robert Diamond told the Clinton Global Initiative philanthropy meeting on Wednesday that "strong banks want strong regulation" because they suffered in the crisis from being put in the same basket as failed banks.

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