BANKS are less trusted by the public than any other business sector, and not just in Ireland.
Financial services companies and banks have been ranked as the least-trusted sector for a third year running in a global survey by public relations company Edelman.
Globally, half of all people survey said banks cannot be trusted to do the right thing.
In Ireland the figure are even worse. Here the numbers who say they trust banks to do the right thing drops to just 11pc. That’s little surprise after banking failures left taxpayers here to pick up a €64bn tab that threatened to bankrupt the state.
But it’s bad news for a sector that needs public trust to sustains a long term model based on managing other peoples’ money.
In contrast, technology companies are most trusted.