Banks At The Crossroads
Strengthened by recent profits, global banks enter a new phase defined by falling rates, political volatility, and the disruptive promise of AI.
Banks’ most basic job is to be a safe haven in a turbulent world. That turbulence is increasing.
Even so, the industry enters this uncertain period from a position of relative strength, buoyed by recent profits and a growing belief that artificial intelligence could unlock the next wave of efficiency and growth.
Yet, this strong foundation now faces significant headwinds. In recent years, rising interest rates have delivered wider margins and fatter profits for banks across much of the world. Now, however, rates are falling again.
Meanwhile, US President Donald Trump is upending trade relations in the world’s largest economy, spreading uncertainty that could constrain credit appetite everywhere.
Author's summary: Banks face challenges despite recent profits.
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