With disruption comes opportunity, especially for those that can move quickly. Since the 2008 global financial crisis, the gap between banking’s leaders and followers widened. By 2019, top-decile performers were delivering about five times more value to their shareholders than the bottom decile (and three times more than the average bank). Critically, about 60 percent of the performance gap occurred during the first two years of recovery (2010 and 2011). During the remainder of the decade, the gap continued to widen, but more slowly. Our annual review explains why speed is essential as we near the end of the pandemic.
To read the report, see “McKinsey’s Global Banking Annual Review,” December 1, 2021.