Banks have changed in the past 20 years as the idea of risk, volatility and competition change dramatically.

In the past, banks erre less frequent as there was no destruction between investment and commercial banking. Derregulation of markets, over the past two decades made more banks to enter the market as well as widening the variety of services that the bank can do. Moreover, more competition between banks, results in riskier decisons as givign loans at low rates , attracting dpeosyters ata high rate which pressures the bank as it is put unde r more risk but it is a must in a competetive market. Also in the past, the banks had only a traditional role, which is being an intermediary, but due to knowldege of investors, savers who tend to have