BUSINESS

Regulator To Set Plan For Avoiding Next Big Bailout

05/10/2012 08:28 am ET | Updated Jul 10, 2012

WASHINGTON—When the next crisis brings a major financial firm to its knees, U.S. regulators will seize the parent company but allow its units around the globe to keep operating while the mess is cleaned up, according to a planned announcement Thursday from the Federal Deposit Insurance Corp.

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