The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) have released the public sections of resolution plans for fifteen major banking organizations. The announcement, made on October 23, 2025, covers five domestic and ten foreign firms that were required to submit their plans by October 1, 2025.
Resolution plans, often called living wills, are mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. These documents outline how a financial institution would be resolved in an orderly manner under bankruptcy if it were to experience significant financial distress or failure. Each firm’s submission includes a confidential plan as well as a public section summarizing key elements of the strategy.
Additionally, the agencies published a public summary of Capital One Financial Corporation’s interim update to its resolution plan. This update follows Capital One’s recent acquisition of Discover. According to the agencies, “Capital One will file a full resolution plan with a public section by July 1, 2026.”
