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Treasury unveils "~Chapter 14'; JPM plans new home

Feb 23, 2018 - American Banker

Receiving Wide Coverage ...

A new Chapter: The Trump administration is proposing a "Chapter 14" bankruptcy process for financial firms that would shield taxpayers from having to foot the bill in a bank failure. The plan unveiled by the Treasury Department Wednesday would make the process "the resolution method of first resort." While many of the proposed reforms could be done through the regulatory process, the bankruptcy proposal would require action by Congress.Wall Street Journal,Financ...