JPMorgan · Goldman Sachs · Federal Reserve (FED) · U.S. · Federal Reserve
Agencies publish resolution plan feedback letters for certain domestic and foreign banking organizations
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The Federal Deposit Insurance Corporation and the Federal Reserve Board today published feedback letters for several resolution plans submitted in July 2025.
Key facts
- Template Letter to 53 Foreign Banking Organizations that Filed Resolution Plans on or before July 1, 2025 (PDF)
- Template Letter to Foreign Banking Organizations that Filed Resolution Plans for the First Time On or Before July 1, 2025 (PDF)
- HSBC North America Holdings, Inc. 2025 Resolution Plan Feedback Letter (PDF)
- Bank of America Corporation 2025 Resolution Plan Feedback Letter (PDF)
Summary
For release at 4:00 p.m. Resolution plans, also known as living wills, must describe a banking organization's strategy for orderly resolution in the event of material financial distress or failure. The agencies also determined that each derivatives-related weakness identified in the 2023 plans from Bank of America, Goldman Sachs, JPMorgan Chase, and Citigroup has been satisfactorily addressed. Bank of New York Mellon Corporation 2025 Resolution Plan Feedback Letter (PDF)