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.
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(Bloomberg) -- US industrial production increased in May, helped by a broad-based pickup in factory output in a positive sign for a manufacturing sector that has been struggling for momentum.Most Read from BloombergWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in Japan‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic BoomNvidia Becomes World’s Most Valuable Company as AI Rally Steams AheadStocks Rise as Bullish Nvidia Call Boosts AI Trade: Markets WrapI Didn’t Th