BAC

BANK OF AMERICA CORP

27.6301
USD
-2.44%
27.6301
USD
-2.44%
25.8100 33.0500
52 weeks
52 weeks

Mkt Cap 275.98B

Shares Out 9.99B

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Agencies post public sections of resolution plans; announce deadline extension for two non-bank financial firms

The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Wednesday posted the public portions of annual resolution plans for eight large financial firms.

Resolution plans, required by the Dodd-Frank Act and commonly known as living wills, must describe the company’s strategy for rapid and orderly resolution under bankruptcy in the event of material financial distress or failure of the company.

Eight firms were required to submit plans on July 1: Bank of America Corporation, Bank...


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