NPR's business starts with living wills for banks.
The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1st deadline to submit their living wills to the Federal Reserve and FDIC. Transcript provided by NPR, Copyright NPR.
It's MORNING EDITION, from NPR News. I'm Linda Wertheimer, in for Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
In Egypt, a small victory for civil rights: A court there suspended a decree that allowed the military to arrest civilians. Other moves to amass power by the ruling military council, including dissolving Egypt's elected parliament, are still in effect.
"A firestorm of epic proportions" continues to threaten Colorado Springs, Colo., as more than 1,000 firefighters battle flames that by midday had forced more than 26,000 people to flee their homes.
It was local Fire Chief Rich Brown who called the inferno epic Tuesday night. Today, Lt. Jeff Kramer of the El Paso County Sheriff's Office said it's an event "that is certainly unprecedented in this city," The Denver Post reports.
Good morning. I'm Renee Montagne. Off the coast of Croatia is an island where the mayor dines with Eric Clapton, offers to rename an island Facebook Island if Mark Zuckerberg comes to visit, and just gave honorary citizenship to a celebrity baby. The baby is Blue Ivy, daughter of Beyonce' and Jay Z. Her name was apparently inspired by a tree covered in Blue Ivy at a resort on the island, Hvar. the mayor says the publicity has been great for tourism. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.