Wall Street Roundup: Bank regulators asleep. Bailout costs go down.

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Crossing 11,000. The Dow Jones industrial average quickly crossed 11,000 on Monday morning after indications that Europe will bail out the struggling Greek government.

Asleep at the switch. Federal investigators will release a report later this week describing how financial regulators failed to catch the warning signs of Washington Mutual’s failure before the financial crisis, the New York Times reports.

Earnings concerns. With the first companies releasing first-quarter earnings reports this week, there are concerns that the earnings at financial firms will not live up to hopes. One cause for concern is home-equity loans, which may cause big financial firms to write-down as much as $30 billion in losses, according to Bloomberg.

Bailout costs go down. The estimate of how much the bailout will cost the U.S. government has dropped to $89 billion, down from $250 billion a year ago, the Wall Street Journal reports.

-- Nathaniel Popper in New York