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Fed flunks ‘too big to fail’ plans

The Federal Reserve and Federal Deposit Insurance Corp. rejected plans submitted by 11 big ‘too big to fail’ banks to facilitate an orderly resolution in the event of failure, or so-called living wills. The Dodd-Frank Wall Street Reform and Consumer Protection…

Bank robber sentenced

STATE – A man who admitted using a note to rob the Valley National Bank in Clifton was sentenced today to 55 months in prison, U.S. Attorney Paul J. Fishman announced. Wayne Winner, 50, of Nutley, pleaded guilty on April…