could be dodd frank insired eshmun. the big US investment banks have indicated cvompliance costs are beserk now - mso pure profitability or ROC is not the big consideration as much as scale and the ability to operate at hig volume in all their business centres.
little ouposts of high profit will go the way of the dodo because there compliance burden will be horrednous even though capital and other risk mgt demands of the actual business unit may be limtied
