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Can America’s Big Banks Get Less Complex?

The largest U.S. banks, under pressure from regulators to simplify their organizational structures, haven’t made much progress paring subsidiaries -- a sign they’d still be difficult to close down in a crisis.

The top six firms’ most recent regulatory filings, obtained through the Freedom of Information Act, show little or no change in the number of units, which range from 1,300 to 3,400.