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Reported Sep 29, 2026Quickanomics write-up updated Oct 12, 2026, version 61 min read
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The Fed and FDIC found no deficiencies in 15 large banks’ and said BNP Paribas had addressed a previous shortcoming.
The Federal Reserve and FDIC have completed their review of submitted in October 2025 by 15 large banks, finding no deficiencies or shortcomings in the reviewed submissions.
The agencies announced the findings on September 29, 2026. The reviewed banks each have more than US$250 billion in assets.
, commonly called , set out a strategy for managing a firm’s failure in an orderly way.
The agencies also determined that BNP Paribas had resolved the shortcoming identified in its 2021 plan.
The planning exercise prepares for possible failures. The institutions’ financial performance and continue to change after the review.
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