Eight of the Largest U.S. Banks Not Required to File “Living Wills” Until July 1, 2019

The Federal Reserve and the Federal Deposit Insurance Corporation (the “Agencies”) yesterday announced that Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs Group, JP Morgan Chase, Morgan Stanley, State Street Corporation and Wells Fargo are not required to file their next resolution plans until July 1, 2019, rather than July 1, 2018. Click here for more..