The Last pit stop? Time for bold late-cycle moves : McKinsey Global Banking Annual Review 2019

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<abstract displayLabel="Summary">A decade on from the global financial crisis, signs that the banking industry has entered the late phase of the economic cycle are clear: growth in volumes and top-line revenues is slowing with loan growth of just four percent in 2018the lowest in the past five years and a good 150 basis points below nominal GDP growth. Yield curves are also flattening. And, though valuations fluctuate, investor confidence in banks is weakening once again. </abstract>
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