FDIC Plans to Hit Big Banks With Fees to Refill Deposit Insurance Fund
- Plan to replenish the DIF after SVB failure may come next week
- Lenders with less than $10 billion to avoid special payments
This article is for subscribers only.
The US is poised to exempt smaller lenders from kicking in extra money to replenish the government’s bedrock deposit insurance fund, and instead saddle the biggest banks with much of the bill.
The Federal Deposit Insurance Corp. is planning to release as soon as next week a highly anticipated proposal for refilling its Deposit Insurance Fund, which was partly depleted by the failures of Silicon Valley Bank and Signature Bank, according to people familiar with the matter.