For instance, the top 10 banks in the world hold the assets of 20 trillion dollars.
Though the realm of banking might seem complicated today, it is actually designed to simplify life and help traders. It was in the past that trading began to become complicated due to the existence of many currency. Traders had to constantly change currencies from one currency to another and back again, which was made more difficult through fraud and fake money. This is what led to the establishment of banks.
Banks provide many services today which include lending money, trading, in addition to cash custody. The banks are taking on risk in the short-term in order to earn quick cash, and are stepping away from their previous functions. The banking sector into a gamble systemand is creating numerous problems. This is why governments intervening, and creating tough law to limit the manner in which banks conduct their business.
There are many different business models, including micro-funding or crowdfunding, which have taken over many of the offerings that were traditionally offered by banks. uj19axya6w.