Towards a New Banking Model
Prof. Jorge Soley analyzes the future of banks
In the future, many companies will have to look at alternative sources for credit, such as through individual or institutional investment partners, private equity, business angels or alternative stock exchanges. There are no quick-fix solutions to what is a complex problem, he argues.
"Although the economy and the banking sector will improve, company financing won't return to the status quo that existed before 2007. There's a before and after for the banks, but also in business finance policy," he says.