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HARD JOB: "The process and controls and questions that the Fed has raised, you can't fix that in a three- to six-month period," says Anna Krayn, director of the risk and regulatory group at Moody's Analytics.

Foreign Banks Need Major Tech Investments to Fix Capital Plans

The Federal Reserve rejected capital plans for three foreign-owned banks, which need time and millions of dollars in investments to make the requisite tech upgrades in order to comply.

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