Confidence In US Banks Remains Near Historic Low

Confidence in US banks remains low while stock prices have mostly held their ground throughout wave after wave of scandal.

According to a new Gallup survey, twenty-six percent of Americans have “a great deal” or “quite a lot” of confidence in US banks. A slightly higher percentage, twenty eight percent, have “very little” confidence in US banks while the bulk of responses, forth three percent, have “some” confidence in the banks. Only two percent say they have no confidence.

The recent polling data is little changed from the previous year despite all the public legal challenges the US banks have encountered over the past year.  At one...