A lot of people are talking about Banks at present with the recent collapse of Silicon Valley Bank and others.

The banking sector is always an interesting topic and they are actually very interesting businesses.

They are in the business of using other people’s money to generate more money and try to add value through different services. If everyone takes their money out of a bank all at the same time – then all the banks in the world don’t have enough reserves to cover this.

However, with the death of the local branch – it seems now there is a growing opportunity for banks to slim down their staffing requirements, capital expenditures and simply products and services to focus on value driven opportunities.

It will be interesting in the coming months if there are any more banking collapses, but its an industry that is going to be heavily upset by the new online only banks focused on a much wider variety of services – at a fraction of the high street bank prices.