A Thomson Reuters Financial & Risk Proprietary Benchmark of TRust in The Global Financial Marketplace
“During the financial crisis, and since, Canada has been noteworthy for the policies and discipline that allowed the country to better weather the storm and its financial institutions to more quickly recover, it is no surprise therefore to see Canadian banks leading the Americas region into positive sentiment as we measure trust in the Top 50 Global Financials for the 5th consecutive quarter of the TRust Index.” – David Craig, president, Financial & Risk, Thomson Reuters
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Thomson Reuters Q1 2014 TRust Index reveals institutions in the Americas started the year well, ending with the first positive trust score of any region since the Index was launched a year ago. The Index also shows that the first quarter 2014 trust sentiment in the Top 50 global financial institutions as a whole remains steady, but negative.
“The Q1 data show that financials are encountering tougher conditions relative to the S&P 500 and to last year. We are seeing a number of the big banks settling lawsuits, impacting earnings growth in this quarter and the next as banks take these big charges. However, double digit growth is expected again in the third quarter.” – Sridharan Raman, senior research analyst, Thomson Reuters
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