Five Big Banks' Living Wills Are Rejected by U.S. RegulatorsBy and
JPMorgan, others face limits after setback on resolution plans
Lenders first to set off Dodd-Frank remediation process
JPMorgan Chase & Co., Bank of America Corp. and three other major U.S. banks failed to persuade regulators they could go bankrupt without disrupting the broader financial system and could now face a tighter leash from Washington after government agencies used one of the most significant post-crisis powers bestowed under the Dodd-Frank Act.
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