FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

‘I Hate Banking — A Bit Less’

JJ HornblassbyJJ Hornblass
December 16, 2009
in Archive
Reading Time: 2 mins read
0
Share on Facebook

Trivia question: which do Americans dislike more, health insurance companies or the financial services industry?

The correct answer is not health insurance companies.

Since the credit crisis began in 2007, the financial services sector has displaced health insurance as arguably the most vilified sector in the nation. That’s quite a feat. Everyone take a bow — or at least bend over from the I’ve-been-kicked-in-the-gut feeling.

The evidence is in a new survey of 808 adults published yesterday by CNBC and performed by Hart/McInturff. In it, Americans make clear just how distastefully they view financial services. When asked whether they had “confidence” in the financial industry, 57% said “very little” or “none at all.” By comparison, health insurance companies scored a 49% in those two categories. What is more shocking about the numbers for financial services is that “confidence” is a close cousin to “trust” — and that is the main ingredient in successful banking.

The financial industry’s confidence scores have been sliding precipitously since December 2000. Back then Americans were more confident than not in the financial industry. That has completely reversed.

The silver lining in this — if you can call it that — is the vilification seems to have peaked. That 57% saying they lack confidence in the financial industry is down from 60% in January 2009, the highest rate since Hart/McInturff began polling Americans about their confidence in the financial industry in late 2001.

Let’s call it what it is: a horrible state of affairs for the financial industry. Consumers have little confidence in the financial industry and that’s not just a problem, it’s a huge problem.

Previous Post

A CFO Strategy to Beat the Economy

Next Post

The Profitability of Patriotism: SME Lending

Related Posts

(Courtesy/Bank Automation News)
Archive

Lama AI wins fintech demo challenge at BAS

March 4, 2025
Courtesy/Grasshopper Bank
Archive

Grasshopper Director of Engineering & Platforms Andrew Braun to speak at Bank Automation Summit 2025

February 12, 2025
Courtesy/Canva
Archive

Q&A with LemonadeLXP CEO John Findlay on AI-driven knowledge management, training

January 9, 2025
Next Post

The Profitability of Patriotism: SME Lending

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account