Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
Publishing timestamp: 2024-06-21 13:47:58
Summary
Regulators found weaknesses in resolution plans of four major American banks, particularly in how they planned to unwind their massive derivatives portfolios. Citigroup was deemed to have a more serious deficiency, while the other three banks had shortcomings. All banks must address these issues in their next living will submissions due in 2025.
Sentiment: MIXED
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