Dutch paper finds that bonuses are main cause of distrust in banks
Members of the general public are most likely to lose trust in banks because of the size of the bonuses paid to their senior executives, according to a working paper published by the Netherlands Bank.
In When Does the General Public Lose Trust in Banks?, David-Jan Jansen, Robert Mosch and Carin van der Cruijsen argue that understanding why people lose faith in the banking system can help in managing "sudden crisis of trust".
The authors form their conclusions on the basis of survey data
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