Dick Bove Lambastes Living Will

Bank analyst Dick Bove took to CNBC Tuesday to lambaste the “living will” and in doing so tasked regulators for requiring the largest financial institutions, including banks and derivatives exchanges, to detail how they would unwind their operations in the case of a bankruptcy. But in doing so did Bove reveal a critical flaw in big bank financial analysis on the issue?

Fighting powerful “resistance” to living wills with the goal to protect assets, consider risk management

Focusing on risk management and the macabre details of a “sudden” big bank bankruptcy are often unsettling to those longing for nothing but positive economic...