Banks Rewrite Contracts Worth Trillions to Shed Too-Big-to-Fail

  • Lenders agree to halts before financing deals can be canceled
  • Pauses would give regulators time to wind down failing banks

Do U.S. Banks Still Pose Systemic Risks?

Wall Street is poised to expand a rewrite of financial contracts worth trillions of dollars in an effort to persuade regulators that giant banks can be wound down without hurting the broader economy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.