{"id":1925487,"date":"2023-05-06T02:27:27","date_gmt":"2023-05-06T06:27:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/recent-bank-failures-chipping-away-at-confidence-in-u-s-financial-system\/"},"modified":"2023-05-06T02:30:34","modified_gmt":"2023-05-06T06:30:34","slug":"recent-bank-failures-chipping-away-at-confidence-in-u-s-financial-system","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/recent-bank-failures-chipping-away-at-confidence-in-u-s-financial-system\/","title":{"rendered":"Bank failures eroding trust in US finance."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frecent-bank-failures-chipping-away-at-confidence-in-u-s-financial-system%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1925487&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Survey Shows Americans Losing Confidence in Financial System<\/h2>\n<p>A recent Gallup survey has revealed that recent events are causing Americans to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/georgia-republican-state-senators-propose-bills-to-end-no-excuse-mail-voting-automatic-registration\/\" title=\"Georgia Republican State Senators Propose Bills to End No-excuse Mail Voting, Automatic Registration\">lose confidence<\/a> in the US financial system. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">survey found<\/a> that nearly half of the 1,013 adults polled were either &#8220;very worried&#8221; (19%) or &#8220;moderately worried&#8221; (29%) about the safety of their money in banks or other financial institutions. Only 20% said they weren&#8217;t worried at all, while almost a third said they were &#8220;not too worried.&#8221;<\/p>\n<h3>Similar to 2008<\/h3>\n<p>The level of concern expressed in the poll is similar to the findings that Gallup found shortly after the collapse of Lehman Brothers in September 2008. However, this is not a survey that Gallup conducts regularly, so it is difficult to say how attitudes have changed over time. Still, a December 2008 reading had shown sentiment had already improved from those worst levels as steps were taken to ease the impact of the financial crisis.<\/p>\n<h3>Recent Failures<\/h3>\n<p>When the poll was conducted from April 3-25 this year, Signature Bank and Silicon Valley Bank had already failed. Since then, regulators have taken possession of First Republic and sold its assets to JPMorgan Chase. On Thursday, a number of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/recent-bank-failures-chipping-away-at-confidence-in-u-s-financial-system\/\" title=\"Bank failures eroding trust in US finance.\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ga-gop-sen-david-perdue-in-runoff-battle-with-democrat-jon-ossoff\/\" title=\"Ga. GOP Sen. David Perdue in runoff battle with Democrat Jon Ossoff\">regional bank<\/a> stocks sank<\/a>, with Los Angele-based PacWest cratering more than 46%. That stock is now down 86% this year.<\/p>\n<h3>Protecting Deposits<\/h3>\n<p>The Federal Deposit Insurance Corp. backs deposits up to $250,000 per depositor. For those with accounts above the insured limit, there are several steps that can be made to protect more than $250,000.<\/p>\n<h3>Concern Across Demographics<\/h3>\n<p>According to Gallup, those who identify as Republican or independent as well as those with middle- and lower-incomes were more likely to be concerned about their money. The same was true for Americans without a college degree.<\/p>\n<h3>Related Investing News<\/h3>\n<ul>\n<li><strong>Bill Nygren buys this regional bank with strong deposits, says &#8216;inappropriate role&#8217; of short selling contributing to fears<\/strong><\/li>\n<li><strong>JPMorgan upgrades 3 regional bank stocks to &#8216;buy&#8217; in bold move against short sellers<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Recent events may be chipping away at confidence in the U.S. financial system, according to the findings of a Gallup survey.Nearly half of the 1,013 adults polled said they were \u201cvery worried\u201d (19%) or \u201cmoderately worried\u201d (29%) about the safety of the money they had tucked away in a bank or other financial institution, Gallup<\/p>\n","protected":false},"author":1,"featured_media":1925488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[5373,25374,8853,10680,6521],"class_list":["post-1925487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-bank","tag-eroding","tag-failures","tag-finance","tag-trust"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1925487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1925487"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1925487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1925488"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1925487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1925487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1925487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}