Deutsche Bank, HSBC Fight Fed's `Unfair' Too-Big-to-Fail PlansBy
U.S. proposals discriminate against foreign banks, lenders say
Fed demands losses in resolution to be forced on parent banks
Foreign banks including HSBC Holdings Plc and Deutsche Bank AG are pushing back against the Federal Reserve’s proposals on implementing rules designed to end too-big-to-fail, saying they are burdensome and unfair to the U.S. units of the world’s biggest lenders.
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.