US Fed, FDIC find no shortcomings in 'living wills' from 15 banks with over $250bn
( September 29, 2026, 20:40 GMT | Official Statement) -- MLex Summary: The US Federal Reserve and the US Federal Deposit Insurance Corp. found no shortcomings in resolution plans submitted in October 2025 by 15 banks with over $250 billion in assets, according to a release. The agencies also determined that the shortcoming previously identified in the 2021 BNP Paribas resolution plan has been satisfactorily addressed. Resolution plans, also known as living wills, describe a bank's strategy for orderly resolution in the event of financial crisis or failure.Statement follows below:...
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