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JPMorgan says it expects to pay about $3 billion to help refill FDIC fund

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cnn.com/2023/08/03/business/jpmorgan-chase-fdic-fund/index.html

JPMorgan Chase expects to set aside about $3 billion to replenish the Federal Deposit Insurance Corporation’s (FDIC) fund once proposed rules are finalized by the bank regulator, the company said in a filing on Thursday.
US banking giants are expected to shoulder the bulk of costs to refill the fund, which was drained of $16 billion this year after three banks…

This story from cnn.com was posted on 2023-08-04 by @moonwhisper.

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