Banks at a crossroads: Still pillars or just players?
Historically, banks were the go-to source for financing homes, cars, and businesses. Today, their lending share has dropped from 60% in 1975 to around 35%, facing competition from various alternative credit providers. Yet, during crises like the COVID-19 pandemic, banks remain a crucial safe haven for financial stability. Their enduring role comes with responsibilities that aren’t without cost.
