Senate consensus emerging on regional bank 'living will' relief

    NEW YORK ( TheStreet) -- Democratic and Republican lawmakers at a Senate Banking Committee hearing Tuesday were widely divided over whether to ease the regulatory burden on regional banks. However, there appeared to be some consensus about giving federal regulators more flexibility designing rules for so-called "living wills." These documents, formally known as resolution plans, would be submitted by regional banks to explain how they would dismantle themselves in bankruptcy during a c...