Big Banks Getting Bigger?
A recent CNBC Article highlighted survey results that showed public opinion on the banking industry at detrimental lows. Public confidence in banks is the one of the lowest ranked, coming in ahead of only newspapers and Congress. Many of the respondents to the survey stated that they would like to see increased regulation in the banking industry as a whole.
What do you think? How would you go about restoring public trust in the banking industry?
In fact, surveys taken over the course of 2016 show a low level of confidence in the nation's financial institutions, with most expecting danger ahead. Some 74 percent believe a crisis in the U.S. will unfold over the next five years, according to numbers released Thursday by the Brunswick Group."The results indicate that banks remain in a permanent state of crisis, despite significant efforts by the sector to shed liabilities, increase capital buffers and reduce risk-taking," Brunswick said in a survey of attitudes in the U.S., U.K., France and Germany. The surveys took place this year from April 12-22 and Sept. 8-15.
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