Banking has had a couple of very good years—the best, in fact, since the global financial crisis of 2007–09. Yet to some, the industry’s outlook seems less buoyant than recent profitability might suggest. On this episode of The McKinsey Podcast, McKinsey Senior Partners Klaus Dallerup and Pradip Patiath speak with McKinsey Global Editorial Director Lucia Rahilly about McKinsey’s latest global banking annual review, breaking down the sources of skepticism, the risks and opportunities of a changing landscape, and lessons leaders can take from banks that have consistently outperformed over the past decade.

Articles mentioned:

M&A Annual Report: Is the wave finally arriving?

Investing in housing: Unlocking economic mobility for Black families and all Americans

Theme music composed, performed, and produced by Joy Ngiaw.

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