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On June 8, 2016, the Federal Reserve Board and the Federal Deposit Insurance Corporation extended the deadline for Barclays PLC, Credit Suisse Group, Deutsche Bank AG, and UBS to present their upcoming resolution plans to July 1, 2017.
On June 8, 2016, the Federal Reserve Board and the Federal
Deposit Insurance Corporation extended the deadline for Barclays
PLC, Credit Suisse Group, Deutsche Bank AG, and UBS to present
their upcoming resolution plans to July 1, 2017, as a result of
these entities engaging in restructuring in order to be in
"compliance with the Federal Reserve Board's Intermediate
Holding Company (IHC) requirement[.]" Press release. Press release.
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