Chapter 33

Global Banks and Financial Intermediaries

M. Taylor

Manama, Bahrain

Outline

Introduction

This chapter reviews the way in which the structure of banks and the banking industry has changed over the past 30–40 years. It emphasizes that the traditional model of banks – in which they are funded primarily by (retail) deposits and make loans to the corporate and household sectors – no longer accurately describes the reality of the industry. In place of the traditional model, a ...

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