To be resolved: the FDIC and the future of bank failure

Jelena McWilliams, the Trump administration’s pick to head the Federal Deposit Insurance Corporation, is a lawyer who has pledged to relieve the regulatory burden on community banks. She will get the chance to do so when prudential regulators spell out the particulars of the Crapo bill.

But big banks need her attention, too, and present a knottier, much deeper problem that will test her lawyerly powers: how to resolve massive, complex banks whose businesses span the globe. The task became part