Regulatory Feedback for the Big 8
The FDIC and FRB announced their determinations and feedback on the 2015 resolution plans of the eight systemically important, domestic banking institutions (aka Too Big to Fail FIs) or those banks over $50 billion in assets under the FSOC and Dodd-Frank. It's back to the drawing Board for Bank of America, Bank of New York Mellon, JP Morgan Chase, State Street, and Wells Fargo with some enhancements required for Citigroup. The next round of evaluation is slated for 2017. [4/13/16]
