Feds Release 'Living Will' Outlines For 9 Big Banks

Law360, New York (July 3, 2012, 8:10 PM EDT) -- U.S. bank regulators on Tuesday released the public outlines of company-written plans for winding down the nine largest banks, should they fail, in a relatively safe and quick manner.

Each of the nine banks that submitted the so-called living wills to the Federal Reserve and the Federal Deposit Insurance Corp. provided brief snapshots of their capital and liquidity positions, as well as their funding and business structures.

They also provided brief overviews of how they plan to either recapitalize their retail banking units or sell off...
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