While both size and complexity are important for the largest U.S. bank holding companies (BHCs), specific types of … complex has declined. Favorable tax treatment locations still attract a significant share of the foreign bank and nonbank …

the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …