The purpose of this study is to examine if increased regulations in the banking industry post-financial crisis have altered previous literature in favor of publicly listed commercial banks relative to privately owned banks. To account for concerns of reverse causality a two-stage instrumental regression is performed on a multinational data sample. Due to the limitations of the study, omitting factors such as bank archetype, legislative differences, and more detailed ownership structures e.g. the extent of market capitalization, the conclusions of the study must be interpreted with some caution. Nonetheless, our results indicate that private banks, in line with pre-crisis literature have stronger financial performance. Suggesting that post-crisis regulation has not altered that relationship.