Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022.Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American lenders.The Federal Reserve and the Federal Deposit Insurance Corporation said that the so-called living wills — plans for unwinding huge institutions in the event of d ...