Bernanke expects more big bank break-ups - papers

America's wave of new financial regulation is likely to prompt the country's biggest financial institutions to break themselves up, according to the chairman of the Federal Reserve.

It has taken Congress almost two years to pass legislation designed to prevent a repeat of a crisis that toppled the country into its worst recession since the Great Depression, reports the Telegraph. The Dodd-Frank law sets out to establish new protection for consumers, equip regulators with greater power to dismantle failing companies, and make it harder for firms to engage in riskier trades thinking the taxpayer will bail them out if they fail. "My belief is that a combination of tougher oversight and tighter capital requirements will take away the attractiveness [of being big]," B...