Banks have faced a challenging decade, with disruptive financial technology startups and low interest rates around the world placing pressure on many of their key businesses.
But many have found ways to thrive, often by creating services to move or manage money.
Here you’ll find a look at some of the areas that have seen the biggest change in the past decade, as well as a glimpse at what might come next, such as in:
The retail brokerage market is changing. Zero commissions, Covid-19, work-from-home, and rules governing crowds have tilted risk takers away from casinos, sporting events, and gambling — and toward the U.S. financial markets.
Retail investors historically made up 10% to 14% of the market before the advent of commission-free trading in 2013. Now they represent about 20% of the market.