The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board announced the process for receiving and evaluating the initial resolution plans--also known as living wills--from the largest banking organizations operating in the United States. The agencies also gave a timetable for release of the public portion of such plans, which are due on July 2.
Filed under:
USA, Banking, Insolvency & Restructuring, Katten Muchin Rosenman LLP, Consumer protection, Federal Reserve Board, Bank holding company, Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Federal Deposit Insurance Corporation (USA), Federal Reserve System, Bank of America, Financial Stability Oversight Council, Citibank
Authors:
Location: