JPMorgan, BofA, Goldman, and Citi fall short in their ‘living wills,’ bank regulators warn

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Four of the biggest banks on Wall Street must improve their blueprints for a hypothetical wind-down after top US regulators found weaknesses in their plans.

The so-called living wills of JPMorgan Chase & Co., Bank of America Corp., Goldman Sachs Group Inc. and Citigroup Inc. all had a “shortcoming,” the Federal Reserve and Federal Deposit Insurance Corp. said Friday. The regulators…



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