UPDATE 3-U.S. regulators fail 'living wills' at 5 of 8 big banks
April 13, 2016 at 13:50 PM EDT
WASHINGTON, April 13 (Reuters) - U.S. regulators failed five big banks on Wednesday, including JP Morgan and Wells Fargo, on their plans for a bankruptcy that would not rely on taxpayer money, giving them until Oct. 1 to make amends or risk sanctions.