WASHINGTON—U.S. regulators on Tuesday made public new plans submitted by five of the biggest U.S. banks explaining how they could wind down their operations in a period of extreme distress without requiring a taxpayer bailout.

The government required the plans, called "living wills," be submitted after declaring in April that earlier versions submitted by the institutions—including J.P. Morgan Chase & Co. and Wells Fargo & Co.—weren't sufficiently credible.

 

(END) Dow Jones Newswires

October 04, 2016 16:25 ET (20:25 GMT)

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