Agencies announce determinations on October resolution plan submissions of five systemically important domestic banking institutions

[kreslik.news]

Board of Governors of the Federal Reserve System

Federal Deposit Insurance Corporation

For release at 4:30 p.m. EST
December 13, 2016
Agencies Announce Determinations on October Resolution Plan Submissions of Five Systemically Important Domestic Banking Institutions
The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board on Tuesday announced that Bank of America, Bank of New York Mellon, JP Morgan Chase, and State Street adequately remediated deficiencies in their 2015 resolution plans. The agencies also announced that Wells Fargo did not adequately remedy all of its deficiencies and will be subject to restrictions on certain ... (read more)