Few sectors of the economy have been as tarnished during the global recession as banks and financial institutions.  With the closure of some well-known industry names and the billions in losses racked up at others, it is understandable that consumers may feel some nervousness when it comes to the stability of their banks.  The fact is, however, that most banks are secure, and to communicate that fact, they have increasingly shifted the focus of their advertising to brand building.
According to a new report from Nielsen UK, total UK ad spending …

At a time when financial institutions are pulling back on their advertising, a new study from Nielsen IAG shows that consumer confidence in the long-term health of these companies is dramatically influenced by advertising and marketing efforts.
When asked about their own banks, insurance companies and investment firms, 55% of respondents who said they had seen more advertising for their financial institution reported having “complete confidence” in the financial health and soundness of their financial company and only 18% said they had “little or no confidence” in their company. However, among those …