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12.09.2009

Finance industry tabloid says regulation could cost banks billions

...instead of the trillions they lost and we gave back to them to bail them out I guess.

From International Financing review:

Banks are facing tens of billions of dollars in lost revenue annually, as increased competition between firms and new derivatives rules designed to clean up the industry eliminate important sources of cash in the over-the-counter business, according to estimates that surfaced last week from JP Morgan.