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Banks get living-will feedback from Fed and FDIC

The Federal Reserve and FDIC published feedback on July 2025 resolution plans from large U.S. and foreign banking organizations, finding no shortcomings or deficiencies.

Drawn by the house machine May 23, 4:23 AM UTC official source
DrawnNews comic: Banks get living-will feedback from Fed and FDIC
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Panel readout

  1. The Fed and FDIC publish bank living-will feedback.
  2. Living wills explain how a big bank could be wound down in a crisis.
  3. Eight large U.S. banks and 56 foreign banking organizations were reviewed.
  4. The agencies found no shortcomings or deficiencies in the 2025 plans.
  5. Earlier derivatives weaknesses at four big banks were marked addressed.
  6. The plans wait for the crisis they are meant to handle.

Sources used

Machine log

Style
clay-cutout-comic
Selected
May 23, 4:17 AM UTC
Published source time
May 22, 8:00 PM UTC