Morpace Reports: Confidence in Banks Continues Rebound
U.S. Newswire, May, 2009
To: BUSINESS EDITORS
Contact: Tim Taylor, Vice President, Financial Services, Morpace, 1-248-539-5258
FARMINGTON HILLS, Mich., May 27 /PRNewswire/ -- Consumer confidence in the banking industry continues to bounce back from recent low levels, according to new Morpace survey tracking data.
Forty-one percent of consumers now say they are very confident in the financial strength of banks in general, up significantly from 36 percent in March and well above the 32 percent where this key measure bottomed in January. Confidence in banks is nearly back to the level observed last September, just prior to onset of the financial system crisis, when the proportion of consumers who professed to be very confident stood at 44 percent.
In addition to all of the cash...
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