United States:
Agencies Extend Deadline For Certain Foreign Banking Organizations' Resolution Plan Submissions
To print this article, all you need is to be registered or login on Mondaq.com.
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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Kirschner: The Final Act?
Mayer Brown
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Private Credit And Traditional Banks Forge A New Path
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.
