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Financial services firms and banks are the least trusted industries for the second year running, according to an annual survey by research firm StrategyOne for Edelman, a public relations company.  The survey found that 47% of the public trusts banks, a drop from 50% the prior year.  Trust in financial services companies fell 3%, to 45%, said Edelman.

The level of trust consumers have in the financial services industry isn't going up with the stock market, suggests a recent survey by public relations firm Edelman.

When Edelman interviewed 503 investors with $10,000 or more of liquid assets and/or mutual fund investments, 38% said their level of trust in the financial services industry declined in the last year. Fifty-three percent of respondents reported that their trust level has remained the same and 9% said they trusted the industry more than a year ago.