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Around 113 of biggest US banks would face extra fees under FDIC plan to recoup $15.8 billion spent on SVB, Signature uninsured depositors

By Neil Roland ( May 11, 2023, 20:17 GMT | Insight) -- About 113 of the largest US banks would be slapped with extra fees under a US Federal Deposit Insurance Corp. proposal to enable the agency to recover $15.8 billion spent to cover uninsured depositors’ losses at Silicon Valley Bank and Signature Bank. About 95.2 percent of the cost would be paid by banks with over $50 billion in assets on grounds that they have the highest proportion of uninsured depositors.About 113 of the largest US banks would be slapped with extra fees under a US Federal Deposit Insurance Corp. proposal to enable the agency to recover $15.8 billion spent to cover uninsured depositors’ losses at Silicon Valley Bank and Signature Bank....

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