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Bangladesh and Banks: Why Both May No Longer Be Too Big to Fail

Bangladesh and Banks: Why Both May No Longer Be Too Big to Fail

News   •   May 13, 2013 12:20 EDT

What do the recent tragedy in Bangladesh and the state of this country’s banking industry have in common? In Bangladesh it’s the garment industry that’s been allowed to operate without much oversight. In the U.S. the same can be said for the banking industry. Both have been seen as too-big-to-fail. However, the tide is turning as regulators begin to crack down on both industries.