7/3/2013

The Federal Deposit Insurance Corp. on Tuesday posted "living wills" from Wells Fargo, HSBC, Royal Bank of Scotland Group and BNP Paribas. The plans, which give regulators a road map to breaking the banks apart should they fail, include divesting units, filing for bankruptcy and liquidating. Ancel Martinez, a Wells Fargo spokesman, said, "We do not believe any bank should be too big to fail, and we believe the resolution plans are important pieces of post-crisis legislation."

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