Globalization have severalimplications on banking industy. Changes inthe business environment have altered bankers' views and appropriate goals.Banks have turned away from their traditional business and trading. However,this cycle has brought about increased competition among and made banking a much riskier business. The present stüdy evaluates banking industry in thischanging environment. İt is concluded that the future not be an extension ofthe pasta After three decades of growth, multinational banking seems to bechanging its course as bankers have a need for new directions.