... Explaining Bank Failures in the United States: The Role of Self-Fulfilling Prophecies, Systemic Risk, Banking Regulation, and Contagion Nils Herger, Study Center ... structure of the US banking industry encompassing tens of thousands of depository institutions By way of contrast, the banking industries of e.g Germany, Switzerland, or the United Kingdom are ... restructure the banking industry, which might initially involve an increase in the number of bank failures However, at least in the longer term, replacing poorly managed banks tends to strengthen the banking...