Regulators found weaknesses in "living wills" submitted by four of the country’s largest banks detailing how the lenders would wind themselves down if something catastrophic were to happen.
(Bloomberg) -- Oil fell after futures crossed into overbought territory, though crude still notched a weekly gain amid shrinking US stockpiles and signs of rising fuel demand.Most Read from BloombergRussia Is Storing Up a Crime Wave When Its War on Ukraine EndsCDK Hackers Want Millions in Ransom to End Car Dealership OutageDubai Real Estate’s Resilience May Signal End of Boom-Bust CycleGlobal Investors Turn Cautious on Once Favorite Japanese StocksWall Street’s Smart-Trade Brigade Thrashed Again
(Bloomberg) -- 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.Most Read from BloombergRussia Is Storing Up a Crime Wave When Its War on Ukraine EndsCDK Hackers Want Millions in Ransom to End Car Dealership OutageDubai Real Estate’s Resilience May Signal End of Boom-Bust CycleGlobal Investors Turn Cautious on Once Favorite Japanese StocksWall Street’s Smart-Trade Brigade Thrashed Again on