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BullNBear52

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BullNBear52

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Wednesday, 04/13/2016 9:22:24 AM

Wednesday, April 13, 2016 9:22:24 AM

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U.S. Rejects 5 Big Banks’ ‘Living Wills’ for Bankruptcy

Regulators found that the banks’ plans for how they would enter bankruptcy were “not credible.” The plans are a crucial legal requirement that Congress introduced after the 2008 financial crisis. 1h ago

http://www.nytimes.com/2016/04/14/business/dealbook/living-wills-of-5-banks-fail-to-pass-muster.html?action=click&pgtype=Homepage&viewport=desktop-large&module=column-1®ion=top-news&contentIndexValue=0&subIndexValue=0&feedIndexValue=0&groupKick=true&summary=true

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