Regulators found weaknesses in "living wills" submitted by four of the country’s largest banks detailing how the lenders would wind themselves down if something catastrophic were to happen.
(Bloomberg) -- Four of the biggest banks on Wall Street must improve their blueprints for a hypothetical wind-down after top US regulators found weaknesses in their plans.Most Read from BloombergCDK Hackers Want Millions in Ransom to End Car Dealership OutageAt Blackstone’s $339 Billion Property Arm, the Honeymoon Is OverApple Won’t Roll Out AI Tech In EU Market Over Regulatory ConcernsWall Street’s Smart-Trade Brigade Thrashed Again on Stock BoomThe so-called living wills of JPMorgan Chase & Co
(Bloomberg) -- A former JPMorgan Chase & Co. precious metals trader said he’s reached a tentative settlement with the bank over a suit claiming he was wrongfully fired over his cooperation with a federal spoofing probe.Most Read from BloombergCDK Hackers Want Millions in Ransom to End Car Dealership OutageAt Blackstone’s $339 Billion Property Arm, the Honeymoon Is OverApple Won’t Roll Out AI Tech In EU Market Over Regulatory ConcernsWall Street’s Smart-Trade Brigade Thrashed Again on Stock BoomD