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FDIC Chairman Martin Gruenberg (Bloomberg News)
FAIR WARNING: "If a firm fails to submit a plan that demonstrates its resolvability in bankruptcy, the agencies may jointly impose requirements or restrictions on the firm or its subsidiaries," said FDIC Chairman Martin Gruenberg.
One key test of banks' latest living will submissions, the first batch of which are due Wednesday, is whether the public portions of their plan are understandable to the public. If they aren't, regulators are ready to take tough action against institutions.

Top Stories

Several years have passed since ING's high-profile sale of its U.S. online-banking business, but it quietly remained an active player in commercial lending. Now the Dutch bank, which recently added a sixth U.S. business-lending office, hopes the energy boom will propel its growth here.  more »
The Internet of Things, blockchains and smart (not "big") data could help financial institutions fend off disruption in lending, payments and money management, according to the Spanish bank's fintech mavens.  more »
As the fifth anniversary of Dodd-Frank approaches, regulators in the U.S. and around the world appear to be joining the financial industry in favoring an approach to shadow banking that focuses on risky activities, rather than entities.  read more »
FinTech Forward
Why London's Fintech Startup Scene Is Growing Fast
Investment in London fintech firms is soaring and young companies are being drawn to the area, especially the Canary Wharf district, thanks to the efforts of incubator Level39, a vibrant social scene, and close proximity to large banks.  read more »
Fintech startups continue to captivate venture capital firms and angel investors, giving a boost to a program in which the operators of startups get advice from mentors and make presentations to hundreds of bankers at an annual event in New York.  read more »
Banks have faced increased scrutiny of their treatment of customers since the creation of the Consumer Financial Protection Bureau, and BB&T and others have proven that the process can be managed. Old fights with regulators can be put in the past if banks work hard at it.  read more »
JPMorgan investment banker Jimmy Lee was widely eulogized as a legendary networker and bright spirit this week, but American Banker also remembers him as a builder and defender of the hotly debated universal-banking model.  read more »
Banks are making meaningful progress with customers in regaining the trust they lost during the financial crisis. For the first time in our annual survey, no bank had a weak reputation and some achieved "excellent" status.  read more »
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