The demise of the classic banks

Banker, that used to be something. But the future looks bleak for classic banks. There are many reasons for that: Social networks, low interest rate policy and state regulation are just a few of them.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).