Review the two articles about bank failures and bank diversification that are found below this. Economic history assures us that the health of the banking industry is directly related to the health of the economy. Moreover, recessions, when combined with banking crisis, will result in longer and deeper recessions versus recessions that do occur with a healthy banking industry.

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In the perspective of financial freedom rising competition has made banks to come up with new products and better activities so as to meet demands mar... View the full answer