James Gorman on a Future of Finance: Big Banks Will Get Bigger

The threshold question: Will banks continue to exist? The answer is yes, since multitude will still need a dual essential functions they provide: mobilization of collateral from providers to users, and facilitation of payments for products and services.

But technology, globalization and demographics will change a figure of banking as dramatically in a subsequent 100 years as they have in a last.

In particular, record will…

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