Regulators hit Citi, JPMorgan, Goldman, Bank of America over living will plans

Insanity that some of these institutions cannot figure out their data. We are talking tabular data in the tens of millions to hundreds of millions annually.

All the data generated by these institutions in a year is dwarfed by what Google or Meta takes in a day. A colossal failure of institutional capacity. Banking is a purely information processing business around tabluar structured data most of whose structure dates back decades.