Banks Rewrite Contracts Worth Trillions to Shed Too-Big-to-FailBy and
Lenders agree to halts before financing deals can be canceled
Pauses would give regulators time to wind down failing banks
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.
If you believe that you may have received this message in error please let us know.