The two federal regulators in charge of reviewing the living wills of financial firms gave 38 companies, including Prudential Financial, Inc., another year to submit their wind-down plans, MorningConsult.com reported. The firms initially faced a Dec. 31 deadline to submit their living wills to the Federal Reserve and the Federal Deposit Insurance Corp. The new deadline is Dec. 31, 2017. The companies receiving the extension range from foreign banks with U.S. operations — HSBC Holdings plc and BNP Paribas — to domestic financial institutions like Prudential, American International Group Inc., BB&T Corp. and Suntrust Banks Inc.
