Only Belgians trust their banks less than Britons

 
5 July 2012

Britons trust their banks less than the citizens of any major country around the globe other than the Belgians.

Even the Spanish and Italians, who have seen their banks dragged through crisis after crisis, trust banks far more than the Brits.

The United States, which has seen possibly the biggest public outcry over the excesses of bankers, came a relatively steady 11th place in a global survey on the reputation of the banking industry by Ipsos Mori.

The pollster interviewed more than 23,000 people in 24 countries before the Libor-fixing scandal broke.

Britons topped the poll of countries whose citizens are calling for more regulation of the banks, followed closely by Spain, France and Belgium. Belgium has seen three of its top banks bailed out over the past five years including ING, KBC and Dexia twice.

When it comes to the reputation of individual banks HSBC was the highest-scoring UK bank, coming in fifth place globally with a 21% favourable rating. Barclays scored 13%, Lloyds 9% and Royal Bank of Scotland just 6%.

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