Colin Henderson's Library tagged "banking model" →  View Popular

"Banking is essential to a modern economy;
banks are not."₂ &nbspAre
banks as we know them threatened to become second-rate institutions
because they cannot keep up with technology and institutional progress?

Whether we are talking of investment banking or commercial banking, returns will undoubtedly be lower in future. The only question is how much lower. There is a possibility, if the politicians are in the mood for such a move, that the banking system might even revert to the role of a utility, which is the way things were before the great deregulatory tide began in the 1970s. Not a cheerful prospect for risk-hungry bankers.