The financial landscape, once a predictable terrain of stable ground, began to ripple and crack beneath the feet of giants. A new era dawned, not with a whisper, but with the roar of deregulation and the relentless hum of emerging technology, demanding a profound metamorphosis from institutions built on tradition. As the 1970s bled into the 1980s, a tempest brewed across the banking world. Persistent inflation gnawed at savings, while rising interest rates lured depositors away from conventional accounts, creating a stark phenomenon known as disintermediation.
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