Most Active Stories
- Montgomery may ban smoking, Sirius-XM settlement
- Governor Bentley Challenges Legislators to Lead on Budget Crisis
- Blastoff for NASA's Orion Capsule! Muscle Shoals and the Rolling Stones
- Alabama GOP Chief: "No Third term," Airbus is hiring
- High School Graduation rate improves, Montgomery "no smoking" ban
Wed June 27, 2012
Originally published on Wed June 27, 2012 6:55 am
LINDA WERTHEIMER, HOST:
NPR's business starts with living wills for banks.
The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1st deadline to submit their living wills to the Federal Reserve and FDIC. Transcript provided by NPR, Copyright NPR.