Big US banks to pay billions to replenish failure fund

Big US banks to pay billions to replenish failure fund

WASHINGTON – Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders, although mid-sized banks will also be on the hook, the Federal Deposit Insurance Corporation (FDIC) said…Read More

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