Big-Bank Plans for Life After Death Released by U.S. Regulators

  • JPMorgan creates new holding company in revised ‘living will’
  • Eight Wall Street firms refiled plans to address shortcomings

JPMorgan Chase & Co. established a new holding company and Wells Fargo & Co. cut some side businesses as big banks moved to convince U.S. regulators that they can safely go bankrupt without shaking the financial system.

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