Regulators found weaknesses in "living wills" submitted by four of the country’s largest banks detailing how the lenders would wind themselves down if something catastrophic were to happen.
JC Parets, founder and chief strategist at All Star Charts, explains why fighting the Dow Breadth is futile and how embracing the approach can simplify your market analysis significantly. He spoke with Yahoo Finance’s Jared Blikre and Sydnee Fried on "Stocks in Translation." Listen to the full episode here, or wherever you get your podcasts. This post was written by Jared Blikre
(Bloomberg) -- Four of the biggest banks on Wall Street must improve their blueprints for a hypothetical wind-down after top US regulators found weaknesses in their plans.Most Read from BloombergCDK Hackers Want Millions in Ransom to End Car Dealership OutageAt Blackstone’s $339 Billion Property Arm, the Honeymoon Is OverApple Won’t Roll Out AI Tech In EU Market Over Regulatory ConcernsWall Street’s Smart-Trade Brigade Thrashed Again on Stock BoomThe so-called living wills of JPMorgan Chase & Co