Emailing_global-Banking-Annual-Review-2023

Regardless of what happens next, the Great Banking Transition is very real, very large, and very tangible.

It has been affecting three key pillars of banking: the balance sheet, transactions, and distribution.

The financial services sector globally intermediated about $400 trillion in assets and generated $6.8 trillion in revenue in 2022. Those are both records. They compare with about $375 trillion in assets and $6.4 trillion in revenue generated in 2021. Intermediation has been growing faster than the overall economy, with intermediation growth of abou