Customers of failing banks less likely to trust other people
Customers of failed banks are less likely to trust not just banks, but people in general, according to a recent Netherlands Bank (DNB) working paper.
Trust and Financial Crisis Experiences, by Carin van der Cruijsen, Jakob de Haan and David-Jan Jansen, uses eight annual surveys from the Netherlands between 2006 and 2013 to examine whether financial crisis experiences affect trust in banks, banking supervisors and people in general.
The results suggest that customers of a bank that was bailed out
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