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Bank living-will plans to be partially unveiled

6/29/12 10:30 AM ET (MarketWatch)

WASHINGTON (MarketWatch) -- Part of the so-called "living will" plans of major lenders will be publicly released on Tuesday, the Federal Reserve and the Federal Deposit Insurance Corporation said in a joint release. These living-will plans, required under the Dodd-Frank Act, must describe the company's strategy for rapid and orderly resolution were the bank to fail. This first group of submissions will include Bank of America , Barclays , Citibank , Credit Suisse , Deutsche Bank , Goldman Sachs , J.P. Morgan Chase , Morgan Stanley , and UBS . The public section will describe core business lines and financial information.