EFTA02611694.pdf

From: Richard Kahn < Sent: Friday, December 21, 2018 3:59 PM To: Jeffrey Epstein Fed finds four foreign-based banks =living wills' lacking Dec. 21, 2018 10:49 AM ETI By: Liz Kiesche, SA News =ditor "Living will" plans =ubmitted by Barclays (BCS <https://seekingalpha.com/symbol/BCS> +0.3%), Credit Suisse (CS +2.1%), Deutsche Bank (DB =font color="red" class="">-0.2%), and UBS (UBS +0.8%) have weaknesses, but not =deficiencies", according to the Federal Reserve and Federal Deposit =nsurance Corp. So-called "living wills" =utline banks' plans for an orderly resolution under bankruptcy in the =vent of a financial crisis. The agencies =ent feedback letters to each bank detailing their shortcomings and specific actions needed to address them. The companies must address those weaknesses in their next resolution plans, which are due July 1, 2020, and are expected to implement certain resolution projects in the =nterim. 1 EFTA_R1_01807366 EFTA02611694