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NewsMay 26 2009

Survey shows extent of bank trust erosion

Retail and corporate clients are disillusioned with their banks and have little loyalty.
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The financial crisis has severely damaged the relationship between banks and their retail and corporate clients, according to a survey released in late May by research company Vantedge Group.

The survey, which involved over 1200 European and US consumers and 54 large corporate banking customers, found that just 9% of consumer respondents were confident in their financial institutions.

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