Big banks required to redo 'living wills'
August 06, 2014 at 14:46 PM EDT
Checked your will lately? Better believe most large financial institutions are doing so. Regulators said 11 of the nation’s largest banks fell short with their so-called "living wills" — showing how they could be dismantled in a crisis situation without damaging the financial system — and ordered them to submit new resolution plans by July 1, 2015...