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'Living will' shortcomings found only at Northern Trust among 16 mid-size US banks

( March 24, 2017, 18:34 GMT | Official Statement) -- MLex Summary: US regulators identified "living will" shortcomings only at Chicago-based Northern Trust among 16 US mid-size banks whose 2015 resolution plans were reviewed, said the US Federal Reserve and US Federal Deposit Insurance Corp. The regulators also issued guidance to four foreign banks to help improve their living wills, which describe the institution's strategy for resolution under bankruptcy in the event of financial distress. Northern Trust has to address its deficiencies in its 2017 living will, due by the end of the year.    ...

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