50% Have Confidence in Nation’s Banks
The fallout from the 2008 Wall Street meltdown continues: Just this week, Attorney General Eric Holder announced the largest civil penalty paid to date by a U.S. bank for illegal dealings in the period prior to the meltdown - $7 billion paid by Citicorp. After Americans’ confidence in the U.S. banking system reached a post-meltdown high in January, it has now fallen back to levels seen for much of the last five years.
A new Rasmussen Reports national telephone survey finds that just 50% of American Adults now are at least somewhat confident in the stability of the nation’s banks, and that includes only nine percent (9%) who are Very Confident. Forty-five percent (45%) are not confident in the banking industry, with 12% who are Not At All Confident. (To see survey question wording, click here).
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The survey of 1,000 American Adults was conducted on July 14-15, 2014 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.
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