Deutsche Bank, HSBC fight Fed's too-big-to-fail plans
They argue similar-sized domestic US lenders aren't subject to the same requirements
Fri, Mar 11, 2016 - 5:50 AM
Santander said its "resolution strategy that is designed to reduce systemic risk and facilitate resolution at the host level", would be undermined by the Fed's rules.
FOREIGN banks including HSBC Holdings plc and Deutsche Bank AG are pushing back against the Federal Reserve's proposals on implementing rules designed to end too-big-to-fail, saying they are burdensome and unfair to the US units of the world's biggest lenders.