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​Four banks didn't cut any units despite US 'living will' requests, study says

By Neil Roland ( May 26, 2016, 21:27 GMT | Insight) -- State Street, Bank of New York Mellon and two other big banks didn’t immediately eliminate any major subsidiaries from 2013 to 2014, even after they were asked by regulators to simplify their legal structures, a study said. The US Treasury’s Office of Financial Research said its findings offer possible insight into why some of the largest institutions' resolution plans were rejected by federal authorities.State Street, Bank of New York Mellon and two other big banks didn’t eliminate any major subsidiaries from 2013 to 2014, even after they were asked by regulators to simplify their legal structures, a federal study said....

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