Tag Archives: FDIC

Stephen Cook – The Five Big Banks Draft Plans For Going Out Of Business – 29 June 2012

The Five Big Banks Draft Plans for Going Out of Business

Thanks to Janis

Stephen: JP Morgan Chase and Co, Bank of America, Citigroup, Goldman Sachs and Morgan  Stanley are among those submitting first liquidation scenarios at the Federal Reserve and the Federal Deposit Insurance Group, according to this story from Reuters. They MUST do so by July 1! Continue reading