Banks Say Reform Costs Are Understated

Santander and Royal Bank of Scotland say estimates on the cost of financial reform by the Independent Commission on Banking are understated.

  • 02 Dec 2011
Santander and Royal Bank of Scotland say estimates on the cost of financial reform by the Independent Commission on Banking are understated. Santander analysts said the cost is closer to £10 billion ($15.6 billion), compared with the ICB’s projection of £4 billion - £7 billion ($6.23 billion-$10.9 billion). ...

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1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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5 Credit Suisse 41,545.25 126 5.59%