On July 30, the Fed and the FDIC published final guidance to enhance resolution planning at large banks. The guidance aims to assist certain larger financial institutions in developing their ...

NCLAT dismisses Union of India’s appeal against Rolta India’s approved resolution plan, holding that an unchallenged claim ...

August 12, 2024 - On June 20, 2024, the Federal Deposit Insurance Corporation (FDIC) issued a final rule (Final Rule) which will significantly increase the resolution planning requirements under 12 ...

The Federal Deposit Insurance Corp.'s framework for resolving a large bank failure is inadequate and leaves the door open to future taxpayer-subsidized bailouts, writes Arthur Wilmarth. The FDIC's ...

The Situation: The Federal Deposit Insurance Corporation ("FDIC") has proposed significant amendments (the "Proposal") to its rule requiring covered insured depository institutions ("CIDIs") to ...

Add Yahoo as a preferred source to see more of our stories on Google. The United Nations backed President Donald Trump's 20-point plan for Gaza as part of an effort to convert a fragile ceasefire ...

(Reuters) -U.S. banking regulators rejected Citigroup's so-called "living will", which is a detailed plan to wind itself down in the event of catastrophic failure, The Financial Times reported on ...

The Federal Deposit Insurance Corp. on Friday narrowed the requirements big banks must follow when submitting emergency wind-down blueprints — known as resolution plans — in an attempt to streamline ...

NCLT orders liquidation of M.I. Buildtech after no EOI or resolution plan despite repeated Form G publications, with 83.10% CoC approval.

The court pulled up the appellant, describing his actions as a “clear subterfuge” and an indirect attempt to renege on the approved plan.

The National Company Law Appellate Tribunal has rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank and Union Bank of India – challenging the distribution ...

The National Company Law Tribunal (NCLT) has approved Adani Enterprises’ resolution plan for Jaiprakash Associates under the Insolvency and Bankruptcy Code (IBC), while rejecting Vedanta’s plea ...