HomeAbout

TL;DR CNBC


Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans - TL;DR CNBC

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

Tickers: JPMBACCGS

Keywords: goldman sachs group incbusiness newsbreaking news: marketsinvestment strategybankscitigroup incjpmorgan drnbreaking news: investingbreakingnewsglobalbank of america corp

Source: https://www.cnbc.com/2024/06/21/living-wills-citigroup-jpmorgan-chase-goldman-sachs-hit-by-regulators.html


Developed by Leo Phan