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| Thus far, banks have escaped the worst of the pandemic’s economic impact—they didn’t witness any abnormal losses, major capital calls, or “white knight” acquisitions, as in the last financial crisis. There were plenty of effects on the financial-services industry, though: to take just a few examples, the acceleration of digital banking, the rise of remote work, and the growing importance of sustainability were marked trends. Does that mean the future is bright and smooth for banks and their shareholders? Not quite; the industry’s outlook remains cloudy, particularly given that half of banks can’t cover their cost of equity. Get a read on the landscape and what can make a difference for long-term performance in the latest edition of McKinsey’s Global Banking Annual Review. Download the full paper for free and explore even more findings about the state of this crucial industry. |
| — Torea Frey, managing editor, Seattle |
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Updated annually, our Global Banking Annual Review offers the best of our research and insights into the global banking industry. Explore the findings from our most recent report and scroll for past years’ reports.
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