The remark is broadly supported by contemporaneous evidence about 2011–2012 public attitudes in the UK: Ipsos MORI told Parliament that British attitudes to banks were shaped by the financial crisis and bailout, and that the industry faced a wave of low public trust; Which? reported that only 9% of people thought bankers acted in consumers’ best interests and just 10% thought bankers were well regulated; and an industry article citing the 2011 Edelman Trust Barometer said trust in UK banks was only 16%. That does not prove what every individual associates the City with, but it does support the idea that the City was not universally seen as accountable. (publications.parliament.uk) Sources: Ipsos MORI evidence to the Parliamentary Commission on Banking Standards (`https://publications.parliament.uk/pa/jt201314/jtselect/jtpcbs/27/27iv93.htm`); Which? evidence to the Parliamentary Commission on Banking Standards (`https://publications.parliament.uk/pa/jt201314/jtselect/jtpcbs/27/27v_we54.htm`); CISI / Securities & Investment Review article citing the 2011 Edelman Trust Barometer (`https://sais.cisi.org/cisiweb2/docs/default-source/The-Review/april2011.pdf?sfvrsn=2`).