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March 23, 2023

Americans' faith in banks low after failures

By PAUL WISEMAN and HANNAH FINGERHUT
Associated Press

WASHINGTON — Only 10% of U.S. adults say they have high confidence in the nation's banks and other financial institutions, a new poll finds. That's down from the 22% who said they had high confidence in 2020.

Following the collapse of Silicon Valley Bank this month, the poll from The Associated Press-NORC Center for Public Affairs Research also finds that a majority say the government is not doing enough to regulate the industry.


 
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