UK investors still distrust banks a decade after financial crisis

Survey by Minerva Lending

Ten years after former Federal Reserve chairman Ben Bernanke warned against sub-prime lending failures, which ultimately kicked off the global financial crisis, more than half of UK investors still do not trust the financial services industry, according to research.

Exactly ten years former Fed chairman Bernanke, warned sub-prime lending failures could cost $100bn, sending early shockwaves through global markets. But a decade later, UK investors still have little faith in the traditional financial services industry, with 55% of active UK investors stating they trust it less today than they did before the crisis, according a survey by fixed rate bond provider, Minerva Lending. Meanwhile, two thirds of survey respondents said they felt "let down" by the government on retirement, saying it has failed to safeguard their financial futures.  Two in ...