U.S. Regulators Criticize Four Major Banks’ Living Wills; FDIC Raises Concerns About Citigroup

U.S. Regulators Criticize Four Major Banks’ Living Wills; FDIC Raises Concerns About Citigroup

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U.S. bank regulators find flaws in four big bank ‘living wills’

U.S. Regulators Criticize Four Major Banks’ Living Wills; FDIC Raises Concerns About Citigroup: U.S. bank regulators directed Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase on Friday to enhance their plans for orderly bankruptcy resolution, while the FDIC raised additional concerns about Citigroup’s strategy. WASHINGTON : The FDIC expressed more worries about Citigroup’s proposal, … Read more