US EditionFDIC’s living-will rewrite haunted by ghost of SVB
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FDIC’s living-will rewrite haunted by ghost of SVB
The agency is nixing a mandate that banks plan for a government takeover if they fail, a favored tactic during recent turmoil. It may ease clean-up costs totaling $67 bln since 2010. Yet the alternative of rapidly stitching up sales risks lower recompense and more consolidation.
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