The Fdic Hikes Its Premiums A Tad

Bowing to pressure from banks and the White House, the Federal Deposit Insurance Corp. cut in half a proposed rise in the insurance premiums banks pay on their deposits. Under the plan adopted Sept. 15, banks will pay an average 10% more in premiums, down from a proposed 22%, to shore up the deposit-insurance fund, depleted by hundreds of bank failures.

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