The future for banking is cloudy

Europe's crisis is masking a deep structural change in banking which, like retail and media, will see new technology transform the industry, leaving legacy players bewildered.

The European crisis debate focuses on Greece, Spain, Italy and the euro. But in fact those countries are really the public face of a deep European banking crisis.

And as European banks fund around three quarters of global trade and are major suppliers of wholesale deposit money to Australian banks, the European crisis becomes a deep world and Australian problem, which affects stock markets.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles