Banks warned about living wills

U.S. watchdogs have warned mega banks about the upcoming release of new “living wills” guidelines, reports Financial Times.

It adds these documents are used to help facilitate organized wind-downs of large institutions if they fail. Read more.

Also read:

No more bailouts?

Bloated financial sectors weigh on economies: study

Volcker Rule essential: CFA

Canada’s Big Six outpace major U.S. banks