Seth’s Blog on Finance

Do You Trust Banks and Insurers?

There was a Straits Times article over the weekend which reported that the reputations of local banks and insurers are recovering, after suffering a dent in image during the financial crisis. This was the result of a poll surveying 341 people.

Personally, I’m not so sure what kind of image they are talking about.

“Horror” stories of errant relationship managers or unethical insurance agents are not uncommon, but such incidents do not usually have a wide reach. Even fiascoes that do, like the mini-bond saga, will eventually be forgotten over time.

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