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 BloombergAt Blackstone’s $339 Billion Property Arm, the Honeymoon Is OverCar Dealers Reel From Cyberattack on $1.2 Trillion MarketCDK Tells Car Dealers Their Systems Will Likely Be Down for DaysUnited Airlines Jet Turns Back After Engine Piece Falls OffCar Dealerships Across US Halt Services After Cyberattack
(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 BloombergAt Blackstone’s $339 Billion Property Arm, the Honeymoon Is OverCar Dealers Reel From Cyberattack on $1.2 Trillion MarketCDK Tells Car Dealers Their Systems Will Likely Be Down for DaysUnited Airlines Jet Turns Back After Engine Piece Falls OffCar Dealerships Across US Halt Services After CyberattackThe