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US regulators chide four big-bank living wills, FDIC escalates Citi concerns – Yahoo Finance

Pete Schroeder WASHINGTON (Reuters) – U.S. banking regulators on Friday ordered Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase to strengthen their bankruptcy protection plans, with the Federal Deposit Insurance Corp (FDIC) raising concerns about Citi’s plan. Specifically, the Federal Reserve and the Federal Deposit Insurance Corp. said banks will need to revise their […]