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Old banking models might well stage a comeback

The crisis-wracked industry could return to having consistently well-run, smaller outfits.

The changes to banking wrought by the 2008 global financial crisis aren't even a decade old, but the next tsunami has already hit - and not all of this malaise is even attributable to Brexit.

THE cracks in the banking system have once again been ripped open. Twice in the past decade, banks all over the world have slid considerably on all parameters. The 2008 crisis brought down many banks, nationalised many others, changed the metrics for their measurement and ushered in new adequacy...