The banking system plays one of the most crucial roles in the global economic system. The banks act as the intermediary in between the depositors and the borrowers of an economy. In fact the banks channelize the savings of the depositors to the entrepreneurs. This is however the basic function of the banking system.
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The global investment banking market is a behemoth, valued at an estimated $32.6 billion in 2023 and projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.
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