Banks Lose Credibility and Trust

Businessn.a. ♦ Published: February 12, 2014; 15:56 ♦ (Vindobona)

A survey reveals the fear of financial institutes enriching themselves at the expense of of private persons is widely spread.

Banks Lose Credibility and Trust / Picture: ©

Since the outbreak of the financial crisis, there is significant decline in trust of private investors in their bank advisors. Only 27 percent of investors highly esteem or esteem the credibility of their bank advisors. Only five years ago this group came at 39 percent. The survey was conducted by German university Ruhr-Universität Bochum and by the German Shares Institute (Deutsches…