... small and large banks for theirbanking services. The first section of the article reviews the three majorchanges in the banking system—consolidation, Internet banking, and financial integration. ... con-solidation of the industry, the spread of Internet banking, and the increased freedom to combine banking with other financial services. In assessing what these changes mean for local economies, ... Banks,” AmericanBanker, February 26. Jayaratne, Jith, and Donald P. Morgan. 2000. “Capital Market Frictions and Deposit Constraints on Banks,” Journal of Money, Credit, and Banking, February.Kashyap,...