[saiya-jin]

working in private banking, can confirm this is very true. regulators(=government) can shut you down in a minute, for a single action taken by a single employee, who somehow manages to break all possible rules in the company. the environment changed drastically in last 8 years (in many ways in good direction for customers, but it certainly raised costs massively, and guess who pays these costs)

[pizza234]

A "certain famous bank" got away with no criminal indictments, after having committed all sort of crimes, including recycling money for drug cartels.

It's been publicly stated that (cough cough) if such bank would have lost the license, it would have been too much of a big hit for the economy (cough cough).

So, to say that regulators "can" shut a bank down in a minute is true, but disingenuous to say the least.