U.S. regulators, seeking to prevent a repeat of taxpayer-funded bailouts of the financial system, released summaries of plans for breaking up nine of the world’s largest banks in the event of an emergency. The Federal Deposit Insurance Corp. and Federal Reserve posted the public portions of so-called living wills on its website today as required by the 2010 Dodd-Frank Act. The documents outline more detailed proposals submitted privately to regulators describing how the companies can be dismantled if they fail. The banks required to file were JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Citigroup Inc. (C), ... (full story)