Banks' Public Living Wills Leave Room For Improvement

Law360, New York (July 7, 2015, 6:51 PM EDT) -- The public portions of living wills for 12 banks released Monday provided a much clearer picture of how they would be taken apart through bankruptcy should they fail, but analysts say the banks could be even more transparent without compromising their confidential financial data.

The 12 banks had been under pressure from the Federal Reserve and the Federal Deposit Insurance Corp. to provide more detailed information about how they could be taken apart through the bankruptcy process and without taxpayer bailouts in the public sections of their resolution plans.

And, to a large extent, they passed that test by giving a...

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