Article Title: JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans: Report
Snippet of Article: "...US regulators are flagging JPMorgan Chase, Bank of America, Citibank and Goldman Sachs over the banks’ contingency plans for trillions of dollars in derivatives. ...Big banks are required to file living wills due to the Dodd-Frank Act, which passed in the aftermath of 2008.
US regulators are giving the big banks until September to address their shortcomings."
Source: dailyhodl.com
NOTE: We strongly suggest you are under the FDIC deposit insurance coverage amount of $250,000, just in case the Biden Admin pulls ANOTHER sneaky bank bailout and/or a shifting of negative products to one sacrificial bank. We are not offering investment advice!
