Podcasts & RSS Feeds
Most Active Stories
- Investigators Ask For Public's Help In Ongoing Abigail Hernandez Investigation
- Adults Who Wear Kids' Clothing: Saving Money Through Size
- Star Island Seeks To Go Solar, Serve As Energy Example
- Bare Shelves, High Spirits As Market Basket Employees Continue Rally
- On Demand: What's New To Netflix, Redbox, And Amazon Prime For July 2014
Wed June 27, 2012
Originally published on Wed June 27, 2012 7:55 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.