Financial Regulatory Forum

By Karey Wutkowski
NEW YORK, Nov 16 (Reuters) – The cost of U.S. bank failures will continue to rise sharply and will likely exceed the government’s current expectations, a leading investment banking executive said on Monday.

James Dunne, senior managing principal of Sandler O’Neill, said he believes up to 1,000 banks will fail during the current crisis and the total bill will surpass the government’s latest projection of $100 billion.

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By Ian Simpson
GENEVA, Oct 7 (Reuters) – Private bankers face higher costs as a wave of regulation forces them to spend on infrastructure and more staff, executives told the Reuters Wealth Management Summit.

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