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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!