Swiss banks continue to enjoy a solid level of trust among the Swiss population but criticism of the banking centre is growing. The perception of excessive profit-seeking and a lack of sustainability are tarnishing its image, according to a study by the Swiss Bankers Association. +Get the most important news from Switzerland in your inbox Some 53% of the population still rate banks positively, according to a representative survey on the Swiss banking centre published on Tuesday by the Swiss Bankers Association. This means that trust has fallen back to the level seen before the 2008 financial crisis, according to the study. Since 2021, when approval ratings shot up to 75% as a result of the Covid-19 credit programme, confidence has been gradually declining, according to the study. "This development may indicate that banks are increasingly perceived as being under pressure," the study states. Criticism of profit motive and sustainability According to the study, however, there is a ...
