Banking used to be very heavily regulated. With good reason. During the early 80s (neoliberalism, Reagan, Thatcher, Kohl, etc.) regulations were relaxed and b

Banking used to be very heavily regulated. With good reason. During the early 80s (neoliberalism, Reagan, Thatcher, Kohl, etc.) regulations were relaxed and banking deregulated. The first big bank crisis + bailout (Savings and Loan crisis) followed a year later. Banking is not a regular industry, for a bunch of reasons.