In 2008 the world witnessed one of the most devastating financial crises in recent history. Its force swept away several of the most powerful US investment banks, bankrupted mighty US and EU commercial banks and dried up banks’ capital worldwide (Beck et al., 2010; Johnson and Kwak, 2010). The financial crisis brought severe economic recession, dumping national and global growth and causing cumulative banking losses in excess of a trillion Euros (Vives, 2010). The cost […]