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How Occupy Wall Street Influenced the Reputation of Banks with the Media

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Abstract

This study reports on two surveys with business journalists to identify the impact the Occupy Wall Street movement had on the reputation of banks. The first survey was conducted before the movement and the second was after. Perceptions after the Occupy Wall Street movement, that the media caused the loss of trust in banks decreased but beliefs that the media were the main barrier in repairing the reputation of the US banking industry increased. While business journalists felt less strongly after the movement, greed remained their main belief of what caused the loss of trust and that transparent communication is needed to repair the reputation of the US banking industry. The Occupy Wall Street movement appears to have also influenced their thoughts on how many banks were involved in the financial crisis, how long it will take to repair it, and the impact of financial reforms.

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About occupy wall street
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  • Org
Media non-coverage of occupy wall street gets lots of media coverage
  • E Randall
In the city and wall street, protest has occupied the mainstream
  • P Toynbee
Wall Street protests receive limited attention
  • Pew Research
  • Center
“Transparency” more important than brand appeal in consumer purchasing decisions
  • H Dawson
  • S Wilson
‘2009’s biggest financial scandalsbiggest-financial-scandals-personal-finance
  • D Rice
‘Booth Chicago/Kellogg School Financial Trust Index
  • P Sapienza
  • L Zingales
Occupy movement (occupy wall street)’ The New York Times
  • R Stolarik
The Occupy Movement lives
  • G Glantz
Trust and PR practice
  • B L Rawlins
My state-sponsored assault, courtesy of the NYPD
  • J Knefel
Occupy wall street: Who is the top 1% for income?
  • T Luhby
Obama: Occupy wall street protests show Americans’ frustration
  • M A Memoli
Protests puts coverage in spotlight
  • B Stelter
Principles of journalism
  • Journalism
  • Org
2009’s biggest financial scandals
  • D Rice