FILE PHOTO: A combination file photo shows Wells Fargo, Citigbank, Morgan Stanley, JPMorgan Chase, Bank of America, JPMorgan, and Goldman Sachs from Reuters archive. REUTERS/File Photo

Business Insider Intelligence is launching its brand new Banking coverage in early September.
To obtain a free preview of our Banking Briefing, please click here.

Banking Industry Overview
The banking industry is in a much healthier place now than it was after the financial crisis of 2008. Total global assets climbed to $124 trillion in 2018, according to The Banker’s Top 1000 World Banks Ranking for 2018. 

With so much money to manage, major banks such as JPMorgan Chase, Bank of America, Wells Fargo, and more are releasing new features to attract new customers and retain their existing ones. On top of that, startups and neobanks with disruptive technologies are breaking into the scene, and traditional banks are either competing with them or merging with them to improve their service.

So let’s dive into the banking industry, the challenges it faces, and the road ahead.See the rest of the story at Business Insider

See Also:

US neobank Varo is rolling out a no-fee overdraft serviceThe top companies providing & using banking-as-a-service technologyHere is a list of the largest banks in the United States by assets

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