 Who trusts the bank of England and high street banks in Britain?Lisa Farrell (), Jane Fry and Tim Fry Applied Economics, 2021, vol. 53, issue 16, 1886-1898 Abstract: Following the global financial crisis (GFC) of 2008 there was recognition that client trust in financial institutions had been damaged. While institutional trust has become an accepted barometer, less is known about who trusts the banking and finance sector. This paper investigates the individual characteristics associated with trust for the Bank of England (BoE) and high street banks in Britain. Importantly, we consider this question in the context of a point in time, namely 2014. This is an important case study as it is some years after the initial impact of the GFC yet prior to the referendum vote for Britain to exit the European Union (Brexit) and coincides with the Scottish referendum. Our results suggest that the characteristics associated with trust in the BoE differ from those associated with trust in high street banks and other financial institutions. Specifically, older people, more educated people and people residing in London show higher levels of trust in the BoE. In terms of trust in the sector overall, we also find that positive perceptions on the availability of credit are correlated with higher levels of trust. Date: 2021 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:53:y:2021:i:16:p:1886-1898 Ordering information: This journal article can be ordered from DOI: 10.1080/00036846.2020.1854448 Access Statistics for this article Applied Economics is currently edited by Anita Phillips More articles in Applied Economics from Taylor & Francis Journals |
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