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Biggest US banks would ditch securities arms in bankruptcy

They say they are smoothing the way for orderly resolution by reorganising relations between core units

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JPMorgan Chase & Co says the bank's living will would resolve the firm quickly and without systemic disruption or taxpayer support.

Washington

BIG US banks said they would chop off Wall Street arms and non-essential units if the companies were to fail, with JPMorgan Chase & Co slashing its broker-dealer operations by as much as two thirds.

Twelve banks granted the public a clearer look at their living wills

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