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Public faith in banks remains strong

Posted on 08. Jun, 2009 in General News

Despite the global financial crisis, public faith in banks remains strong, with the bulk of people still trusting them more than they do organisations such as the BBC or NHS, according to a survey.

Overall trust in banks, building societies and insurers has risen since 2008, following government efforts to shore up the banking system, according to the Financial Services Research Forum, part of Nottingham University’s business school.

The forum asked more than 1,400 consumers for marks out of 100: banks scored under 74, building societies scored 75, and credit card companies scored 71.5.

Source: Moneyfacts 08-06-2009

Tags: Banks, global financial crisis