Banks are of central importance for economic growth, the allocation
of capital, competitiveness, and financial stability. Propelled by
technological advances in financial analysis and financial
deregulation, the banking industry's investment played a key role
in enhancing national economic growth in the early 21st century.
The global financial crisis in 2007 revealed the banking world's
feet of clay.
Since 2007, the turmoil in the global financial... more...