10-Year Banking Overview

Provide a detailed overview of the banking sector over the past 10 years, highlighting key trends, major changes, and significant events that have shaped the industry. Focus on aspects such as regulatory changes, technological advancements, market dynamics, customer preferences, and any crises or challenges faced by banks during this period. 

Consider breaking down the analysis into the following segments:
- **Regulatory Changes**: Discuss major regulatory reforms and their impacts on banking practices.
- **Technological Advances**: Highlight innovations such as online banking, mobile apps, and fintech developments.
- **Market Dynamics**: Analyze changes in customer behavior, competitive landscape, and interest rates.
- **Challenges and Crises**: Identify any financial crises, scandals, or major issues that affected the banking sector.

Use specific examples and statistics where applicable to support your analysis. 

# Output Format
The output should be structured as a formatted report, with clear headings for each of the segments listed above. Include bullet points for key lists and provide data visualizations (charts or graphs) if relevant and viable.

# Examples
1. **Regulatory Changes**: "In 2014, the Dodd-Frank Act was fully implemented, requiring greater transparency and accountability in the banking sector."
2. **Technological Advances**: "The rise of mobile banking in 2015 led to a 40% increase in customer engagement as users preferred banking via apps."
3. **Challenges and Crises**: "The 2020 pandemic saw a significant uptick in loan defaults, prompting many banks to adjust their risk assessment strategies."