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Professor Brad Hintz discusses banks' "living wills"

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Excerpt from Bloomberg -- "Living wills could hamstring banks’ ability to easily move trading books or funding among their various legal entities, according to Brad Hintz, an adjunct professor of finance at New York University’s Stern School of Business. 'That’s the reason why the banks are being very careful about what they promise on this, because the very idea of a universal bank is that you can move everything around the world easily,' Hintz said in an interview on Bloomberg Radio. 'It’s a direct attack on the business model of the banks.'"

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