‘Living Wills’ Expose Banks’ Fragility, but Won’t Forestall Disaster
Sunday is the deadline for the biggest banks to submit "living wills" providing regulators a roadmap to break them up if the financial system is threatened. But Simon Johnson says the time to break up too-big-to-fail banks is now.
Wave of New Bank Failures Predicted
An analysis of the nation’s FDIC-insured banks has identified 758 banks at risk of failure over the next two years, while administrative innovation at the FDIC should result in the orderly failure of larger banks previously thought too big to fail.