Survey: Fewer than 1 in 4 trust financial system

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A new survey found fewer than one in four Americans trust the financial system and that confidence in large banks is eroding.

The latest quarterly survey issued Tuesday by the Chicago Booth/Kellogg School says the 21 percent of respondents who said they trust the system is the lowest level since the school’s March 2009 poll, taken as the global economic crisis unfurled.

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