Federal watchdogs flag 4 major US banks for lack of crisis management; Reviews of the presence of interest
Federal authorities have identified critical flaws in four major U.S. banks' crisis management strategies, known as “living wills,” which provide stronger protection against financial turmoil. The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve announced plans from Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase fell below expectations. […]
