"What Were They Thinking?"

Below is an excerpt:

There's no doubt that banking has become a very different business. Gone are the days of lending it out at six percent, taking it in by three percent, and being on the first tee by 3:00 p.m. As interest margins remain compressed and regulatory and operating expenses climb, banking becomes more of a public utility, expected to provide basic financial services within a very harsh regulatory environment and against difficult competitors and unregulated alternatives. 
 

Originally published in Best Lawyers Business Edition: Winter 2016