NEW YORK - Increasingly burdensome regulations, taxes, and capital requirements are prompting many foreign banks to reconsider their operations in the United States, according to senior executives with Ernst & Young.

If such burdens increase and foreign banks cut back on their U.S. operations, capital flows to this country might be reduced, the executives also suggested.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.