Tuesday, June 25, 2013

U.S. Banks Present Bail-In Plan To Federal Reserve

U.S.banks reportedly presented the Federal Reserve with a bail-in plan to pay for large bank's restructuring in the event of a future crisis, The Wall Street Journal reports.

The private meeting was reportedly attended by officials from Wells Fargo & Company (NYSE:WFC), Bank of America Corp (NYSE:BAC), Citigroup Inc. (NYSE:C) and several other banks.