News Brief

Consumers Confident In Banks, Survey Finds

U.S. consumers may be concerned about the banking industry in general, but when it comes to their personal banks, they are still confident.

According to a survey of more than 1,000 people by Morpace Inc., 87% of consumers said they still believe in the stability of their primary personal banks.

"This finding gives some breathing room to banks, who have had a lot of bad news to release in recent quarters," said Tom Hartley, vp of customer loyalty at Morpace, in a statement. "It also shows that the public is able to tell the difference between news about challenges in the financial sector and the fundamental strength of their primary bank."--Aaron Baar

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