The headlines have become all too familiar. A mega bank engulfed in scandal as a rogue trader loses billions. Robo-signers foreclose on homes by the thousand. A CEO ousted after losing a board room showdown.
American Banker recently published its 2013 Reputation Survey and confirmed what should aleady be obvious: After five years of public relations nightmares, consumers don't think so highly of the megabanks like Bank of America (NYSE: BAC ) . However, there are springs of hope, particularly for the regional and non traditional banks.
In the video below, Motley Fool contributor Jay Jenkins discusses the success stories like Union Bank (a subsidiary of Mitsubishi UFJ Financial Group (NYSE: MTU ) ), SunTrust (NYSE: STI ) , and Charles Schwab (NYSE: SCHW ) .
Many investors are terrified about investing in big banking stocks after the crash, but the sector has one notable stand-out. In a sea of mismanaged and dangerous peers, it rises above as "The Only Big Bank Built to Last." You can uncover the top pick that Warren Buffett loves in The Motley Fool's new report. It's free, so click here to access it now.