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The US banking sector is navigating economic and regulatory change with a renewed focus on resilience, polarization and evolving technology. In this episode of Macro Bites, EY-Parthenon Chief Economist Gregory Daco and EY-Parthenon Americas Banking and Capital Markets Sector Leader Rahul Chandarana discuss how banks are adapting strategies amid a shifting environment.
Key takeaways:
Banks are focused on the mass affluent consumer market, offering new products and services.
Commercial banks face challenges from inflation, tariffs and shifting economic pressures.
The banking sector is adapting as technology, regulation and mergers and acquisitions (M&A) reshape the financial landscape.
EY-Parthenon Financial Services Strategy Consulting can help create value for banking and capital markets, wealth and asset management, and insurance firms.