Morning Distribution for Friday, March 17, 2023

A [FiveThirtyEight]( email [Morning Distribution]( Friday, March 17, 2023 Your daily briefing from FiveThirtyEight --------------------------------------------------------------- The Morning Story [0315_POLLA-4×3]( [It’s Not Just Silicon Valley Bank — Americans Haven’t Trusted Banks For Years]( By [Kaleigh Rogers]( Welcome to [Pollapalooza]( our weekly polling roundup. --------------------------------------------------------------- When Silicon Valley Bank collapsed last week, it caused the [stock market to begin a five-day drop](. The [stocks for regional banks, in particular]( dropped significantly, even as federal regulators [worked to mitigate the fallout](. Investors have clearly been spooked by the failure of SVB and Signature Bank, a New York-based institution that also collapsed over the weekend. But Americans haven’t had much confidence in banks and other financial institutions for a while, and most think more regulation is needed. Gallup has [been polling Americans on their confidence]( in various institutions — including banks — since before the 1980s. While a majority of Americans once said they had a “great deal” or “quite a lot” of confidence in banks, that changed dramatically after the 2008 financial crisis. In 2007, 41 percent of Americans expressed substantial confidence in banks; by 2009, just 22 percent did. While this level crawled back up to 38 percent in 2020, it has since fallen again and never reached the consistently high levels of the mid-’90s and early 2000s. [Read more]( --------------------------------------------------------------- Weekly Listen [Play]( [The Hidden Stories In The U.S. Census]( [FiveThirtyEight] [View in browser]( [ABC News]( [Unsubscribe]( Our mailing address: FiveThirtyEight, 47 West 66th Street, New York, NY 10023.