FDIC Approves Higher Insurance Fees for Large Banks

Big banks would be required to pay more into the government fund used to cover the cost of seizing failed banks under a proposal approved by U.S. regulators Tuesday. Bank of America (BAC), JP Morgan (JPM) and Citigroup (C) combined would pay about $1 billion more annually in assessments under the new system, according to industry estimates. – Reuters

Be the first to comment

Leave a Reply

Your email address will not be published.


*