Corizon Health, facing mounting debt, executed a controversial bankruptcy maneuver. Hundreds of prisoner's medical malpractice claims were left in limbo.
Leaving First Republic a year before the bank's troubles began may have been a smart move by Hafize Gaye Erkan, who is being considered to head Turkey's central bank.
The largest banks could see a 20% boost in capital requirements. And those with big trading units or fee-generating wealth businesses might take the biggest hits.