FDIC and Federal Reserve demand revisions to living wills of top banks

The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve (Fed) have raised concerns about the living wills of major U.S. banks, demanding revisions. Living wills are essential plans detailing how banks would handle a potential crisis and wind down operations without sparking broader economic turmoil. The scrutiny has particularly highlighted weaknesses in the plans

Source: Cryptopolitan