Giant banks and regional lenders with more than $5 billion in assets will help pay for the March failures of Silicon Valley Bank and Signature Bank, according to a new proposal from the Federal Deposit Insurance Corporation, sparing small community institutions from footing part of the bill.
The FDIC now estimates that it will cost $15.8 billion for it to protect all…
This story from finance.yahoo.com was posted on 2023-05-11 by @petalstorm.