In the wake of the drastic changes that have occurred in the world banking industry over the past two decades, Professor Canals’s new book addresses several important questions: are universal
banks bound to disappear? What is the role of universal banks and financial markets in the context of deregulation and disintermediation? What should banks’ strategic reactions be to changes in
the industry such as diversification, internationalization, and restructuring? And what role do banks playvis à vis modern financial markets? Canals draws on up-to-date case studies
from Europe, Japan, and the US to provide a provocative reassessment of universal banking.