10/4/2013

Goldman Sachs Group, Citigroup and other major banks have filed "living wills" outlining how they would wind themselves down if they faced bankruptcy. The Federal Deposit Insurance Corp. and the Federal Reserve released portions of the banks' plans. "Having a plan will help the companies and the regulators better understand what they're looking at," said Mark Calabria, head of financial institution studies at the Cato Institute.

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