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5 Big Banks Fail Their 'Living Will' Exams. So What?

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Bank of America Corporation NYSE:BAC, J P Morgan Chase & Co NYSE:JPM - 5 Big Banks Fail Their 'Living Will' Exams. So What?

Bank investors suffered another round of negative headlines on Wednesday as the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) ruled that five out of the eight “too big to fail” U.S. financial institutions have issued “living will” breakup plans that do not pass regulatory standards.

The Fed and the FDIC jointly ruled that the plans of Bank of America Corp BAC 3.99%, Bank...