trending Market Intelligence /marketintelligence/en/news-insights/trending/sT3vXosTUiei0nDhV584MQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Regulators find shortcomings in resolution plans of 6 large US banks

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Regulators find shortcomings in resolution plans of 6 large US banks

The Federal Reserve Board and the Federal Deposit Insurance Corp. found no deficiencies in the resolution plans, or "living wills," of the largest and most complex domestic banks.

Resolution plans from six of the eight banks, however, had "shortcomings," or weaknesses that raise questions about the feasibility of a company's plan but are not as severe as a deficiency. Plans to address the shortcomings are due to the regulators by March 31, 2020.

In the resolution plans of Bank of America Corp., Bank of New York Mellon Corp., Citigroup Inc., Morgan Stanley, State Street Corp. and Wells Fargo & Co., the Fed and the FDIC found shortcomings related to the ability of the companies to reliably produce, in stressed conditions, data that is needed to execute their resolution strategy. Examples include measures of capital and liquidity at relevant subsidiaries.

No shortcomings were found in the plans from Goldman Sachs Group Inc. and JPMorgan Chase & Co.

Additionally, the regulators announced that Bank of America, Goldman Sachs, Morgan Stanley and Wells Fargo had addressed prior shortcomings identified in their December 2017 resolution plan review.