"The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services."
- James P. GormanFormer Morgan Stanley CEO and well-known financial figure James P. Gorman frequently considers the future of financial institutions. According to him, banks play two vital roles in sustaining economic activity: they collect money from savers and investors and distribute it to people in need of money…