Public’s trust in banks collapses

Trust in banks, energy companies and the media has fallen sharply, according to the annual Edelman Trust Barometer, but trust in government has risen for the second year running. Seventy-one per cent of those questioned want government to impose stricter regulations and controls on all sectors, and nearly three-quarters think the government should intervene in banking and financial services. A further 61 per cent believe the government that is responsible for solving the financial crisis, a higher figure than other EU countries.