WASHINGTON — The stakes for big banks — and regulators — are high as the agencies near the release of their evaluation of the largest institutions' living wills.
The Federal Deposit Insurance Corp. and Federal Reserve Board are expected to unveil soon how 12 of the largest and most complex banks did on detailing ways they could be taken account during a crisis. If both agencies determine that any of those plans are not up to snuff, they would start a regulatory clock that could ultimately result in regulators forcing the institution to break itself up.
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