The LIBOR-rigging scandal that engulfed the banks in 2012 further dented their badly tarnished reputation and dealt another blow to public confidence, leaving investors uncertain how to play the sector.
Last November Argonaut's Barry Norris celebrated a decade managing European equity funds, through a period that has seen the end of the dotcom era, a global financial crisis, and a sovereign debt crisis in Europe.
After an event-filled 12 months, industry experts reveal how they will be shaping their portfolios for the start of the new year