Fed, FDIC Extend Living-Will Deadline

16 Apr 2013

The Federal Reserve and the Federal Deposit Insurance Corp. have extended by three months the deadline for major U.S. banks to submit to regulators their living wills, which include plans for unwinding in the event of insolvency.

The Federal Reserve and the Federal Deposit Insurance Corp. have extended by three months the deadline for major U.S. banks to submit to regulators their living wills, which include plans for unwinding in the event of insolvency. The new deadline, originally set for July 1, is now Oct. ...

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