These days it seems that everybody wants to be a bank.

A new generation of financial service provider companies - with specialties that range from delivering packages to manufacturing automobiles, but on the surface have nothing to do with banking - has appeared on the horizon. It remains to be seen just how much of a challenge these firms will pose to commercial banks - or, indeed, to other financial services companies. But the fact that so many nonbanks are pursuing expertise in financial products is reason enough for bankers to reexamine their own vulnerabilities.

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