WASHINGTON, March 1 (Reuters) - The Federal Reserve onThursday said it expected two large lenders, CIT Group Inc andCitizens Financial Group Inc, to offer 'living will' paperworkby the end of 2018.Large lenders must explain to regulators how they wouldunwind their business in the event of bankruptcy. The 'livingwill' rules are meant to prevent a future government bailout ofWall Street. (Reporting By Patrick Rucker and Pete SchroederEditing by Chizu Nomiyama)
Messaging: patrick.rucker.reuters.com@reuters.net)) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.