(Reuters) Big U.S. banks would have greater protection from hedge funds in a future financial crisis under a Federal Reserve proposal released on Tuesday to require that some investors wait 48 hours before cutting ties with failing lenders. The two-day pause is meant to prevent a chaotic unraveling of investments like what was seen during the 2008 financial crisis and failure of Lehman Brothers Holdings Inc.
At the time, desperate investors tried to void ties to Lehman after it sought bankruptcy protection, helping to spread panic in global financial markets.
