Most Active Stories
- In projects big and small, Watertown’s downtown reviving – but some say city government lacks vision
- Audio postcard: Sackets Harbor choral group rehearses
- Senator Kirsten Gillibrand proposes new military sexual assault bill
- Winter storm to bring heavy snow to the region Wednesday and Thursday
- Oswego County nuclear plant shut down for the second time in less than a week
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.