''Living Wills for Dead Banks''

"Banks are dead men walking just waiting for a forensic accounting autopsy. Thus, The Federal Deposit Insurance Corp. voted to require banks with $50 billion or more in assets to submit so-called living wills. Seven banks with more than $250 billion in assets will have to show their plans by July. The other 30 affected by the rule have until 2013. The FDIC also proposed a separate rule that would require banks with more than $10 billion in assets to conduct annual stress tests. The tests show how each bank is positioned to handle worsening economic conditions, such as increasing unemployment and falling home prices. The regulator put the rule out for public comment and is expected to finalize it by July. It will affect roughly 190 banks.."


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