You are required to take an in-depth look at banks and their impact on the economy, banking industry, people, and societies. In the face of these changes, are banks still important today?

QUESTION:
You are required to take an in-depth look at banks and their impact on the economy, banking industry, people, and societies. In the face of these changes, are banks still important today? Do we still need banks? Why do banks exist? How can banks make consumers love banks again?
Use Textbook: Peter S. Rose and Sylvia C. Hudgins, Bank Management and Financial Services, Ninth Edition, McGraw-
Hill, Irwin, 2013.