WSJ: Banks Present Own Crisis Plan to Fed
The Wall Street Journal reported that several large banks submitted their own collective crisis plan to the Federal Reserve, citing people familiar with the conversations.
The Journal said officials from Wells Fargo, Bank of America, Citigroup and several other banks, along with banking trade group the Clearing House, attended a private meeting with the Fed on May 22.
The move shows how banks are trying to coordinate more closely and present a united front amid calls for more-aggressive measures, the Journal said.
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