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Nearly half of Americans are losing their faith in banks after the U.S. banking system faced a series of blows that was an eerie reminder of the 2008 financial crisis.
According to a recent Gallup poll, 48% of Americans are concerned about the safety of their funds in banks or other financial institutions. Of them, about 19% reported feeling "very" concerned, and 29% said they were "moderately" worried, according to the data.
Comparatively, about 30% were "not too worried," and 20% weren't stressed at all.
The survey was conducted a month after Silicon Valley Bank and Signature Bank came crashing down in March, marking some of the biggest bank failures in U.S. history.
However, the poll was taken before regulators seized troubled First Republic Bank early Monday, which marked the second-largest bank failure in U.S. history.