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US FDIC to propose new bank resolution, long-term debt rules on Aug. 29

U.S. bank regulator the Federal Deposit and Insurance Corporation (FDIC) will on Aug. 29 propose new rules overhauling how large regional banks prepare for their own failure, according to a notice published late on Tuesday. The proposal will likely require banks of $100 billion or more in assets to issue long-term debt that could absorb bank losses before depositors and the FDIC's deposit insurance fund do, FDIC Chair Martin Gruenberg said in a speech this month. It will also require bank...
United States Christopher Cushing Martin Gruenberg Insurance Corporation Federal Deposit Michelle Price
Source: yahoo.com

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