Contemporary issues in banking

Kannyiri Thadious Banyen and Lakshmy Subramanian

Chapter 17 in The Elgar Companion to Financial Economics, 2025, pp 305-322 from Edward Elgar Publishing

Abstract: The lingering effects of the 2007/8 global financial crisis, the COVID-19 pandemic, and the geopolitical effects of the recent Russia-Ukraine war have far-reaching implications for the banking industry. Also, technological advancement, globalization, and cultural shifts present new opportunities and threats to banks. This chapter examines contemporary issues in banking, the factors driving the changes in the global banking industry, and the opportunities and threats they present to banks. Additionally, the study proposes strategies for navigating contemporary banking issues to help banks avoid pitfalls, take advantage of emerging opportunities, and optimize the industry's potential. By delving into the core of the recent developments in banking, this chapter enriches banks’ understanding of the complex nexus between the opportunities and threats posed by a changing world. The chapter offers a roadmap for navigating these complexities, and this is expected to improve banks’ overall performance and enhance customers’ experience over time.

Keywords: Banking; Technological advancement; Globalization; Global banking (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035341399
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035341405.00027 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:23684_17

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().