Contemporary commercial banking. Financial system and the role of banks. Main activities and services of banks and tradeoffs in bank management. Causes and effects of banking crises. Rationale behind heavy bank regulation and supervision. Digitalization trends in banking. Contemporary commercial banking. Financial system and the role of banks. Main activities and services of banks and tradeoffs in bank management. Causes and effects of banking crises. Rationale behind heavy bank regulation and supervision. Digitalization trends in banking.