Bank 2.0

If you watch the financial news on satellite television through dish2u, then you know that the banking and financial services sector is probably the oldest profession around. In recent years banks have felt the increase in pressure from customers, regulators and the media  for the role they played in the scandalous global financial crisis. Practices such as credit default swaps, asset backed securities, CDOs and other structured financial instruments are suspected of having caused the failure of global equity markets in 2008, and the subsequent global recession that followed.

Since then, banks have been rushing to do some damage control.  In their efforts to win back the trust and support of customers who have lost a great deal of faith.  What have the banks done to help build confidence?  In what ways have their recent innovations been beneficial?

Check out this infographic.  Click to expand:

 

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