By Jessica Holzer Washington--Nine large banks will provide quick peeks of their strategies to quickly and cleanly liquidate themselves in a crisis on Tuesday, but the summaries aren't expected to contain much information not already available to the public. The banks, which must submit thorough "living wills" to regulators by July 1, resisted giving many details in the broad summaries they must provide to the public out of concern they will reveal proprietary information to competitors, a Federal Deposit Insurance Corp. official said Friday. The public portions of the plans will likely contain only financial and other data that is already found in other public sources, and regulators won't be reviewing the summaries for sufficiency or accuracy, the official said. Around 125 large financial companies are required by the 2010 Dodd-Frank financial law to submit living wills by the end of 2013. Nine of the largest banks must submit their initial living wills to the FDIC and Federal Reserve by July 1. The early group includes top U.S. banks such as Bank of America Corp. (BAC) and Citigroup Inc. (C) as well as large foreign banks including Deutsche Bank AG (DB, DBK.XE), Barclays PLC (BCS, BARC.LN) and Credit Suisse Group (CG, CSGN.VX). -Jessica Holzer; 202-862-9228; jessica.holzer@dowjones.com Order free Annual Report for Bank of America Corp. Visit http://djnewswires.ar.wilink.com/?link=BAC or call 1-888-301-0513 Order free Annual Report for Deutsche Bank AG Visit http://djnewswires.ar.wilink.com/?link=DB or call 1-888-301-0513
