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Citigroup’s Latest Rejection is Unsurprising

The Federal Reserve and FDIC recently announced that Citigroup’s 2021 “living will” plan has a flaw. The Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) have detected a “shortcoming” in Citigroup’s 2021 resolution plan, or “living will,” which describes how the bank would be liquidated if a catastrophic economic shock forced it into bankruptcy. […]

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