As news of banks around the world collapsing continues, it is easy to forget the positive contributions made by these banks over the years. In fact, for many people, access to basic banking services may never have been more reliable and widely accessible, thanks to the intricate network of banks in existence today.

Though times are hard, it may be worthwhile to look at some of the many positive benefits that the banks provide to individuals and businesses alike. Many of these benefits were often taken for granted prior to the financial crisis but are now bringing newfound light to some of the greatest strides modern banking has provided.

The various services provided by banks are substantial. From offering checking and savings accounts with convenient access to loans and credit options, banks essentially provide the financial bedrock upon which many people’s lives are built. By providing access to low cost loans and savings accounts, banks provide opportunities for those of limited means to achieve notable financial successes, be they securing a new home, starting a business, or just day-to-day well being.

Banks are also responsible for much of the economic growth around the globe. By providing an affordable place to store capital investments, businesses can take calculated risks and engage in a variety of investment strategies that can create jobs, bolster global trade, and improve economic prospects in developing countries.

The fall of global banks also demonstrates the significant importance of regulations and oversight from government entities. Without laws protecting communities from irresponsible banking practices, many of the same people who benefited from banks could easily be victims of failed investment strategies, fraudulent practices, and worse.

These regulators provide a layer of protection that helps ensure that banks remain safe and secure. While much of the financial system is clouded in uncertainty, regulation ensures that banks remain held to a high standard and do not take advantage of investors or consumers.

Though it is easy to forget amid the sea of bad news, banks have provided many positive contributions to society over the years. They have provided people with the means to achieve great financial goals, helped stimulate economic growth around the world, and provided a layer of protection for families and businesses alike. Though it is uncertain what the future holds, hopefully the positives will not be forgotten in the midst of all the turbulence.