U.S. banks need more information on how 'living wills' are judged: GAO

Big banks do not have enough information on how U.S. regulators evaluate their plans to wind down operations during a crisis without the help of public money, known in the industry as a "living will," and are scrambling to meet annual deadlines for filing them, according to the Government Accountability Office. The requirement for a so-called living will was part of the Dodd-Frank Wall Street reform legislation passed in the wake of the 2007-2009 financial crisis, when the U.S. government spent