A survey finds fewer than one in four Americans trust the financial system and that confidence in large banks is eroding.
The latest quarterly survey issued Tuesday by the Chicago Booth/Kellogg School says the 21% of respondents who said they trust the system is the lowest level since the school's March 2009 poll.
The results come nearly four years after the onset of the financial crisis that triggered the worst recession since the 1930s. The percentage of people who trust banks that operate across the U.S. fell to 23% from 25% in March. Trust in small community banks, on the other hand, rose to 55% from 51%, while confidence in credit unions rose to 63% from 58%.
Citing a lack of leads, a police agency said Monday that it is closing the active investigation of the disappearance of Susan Powell, a Utah mother whose now-dead husband was a prime suspectMore >>
The lawyer for the family of missing Utah woman Susan Powell said Tuesday that even as local police close the active part of their investigation into her disappearance, federal authorities continue to review the case - a...More >>