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FDIC Mulls Shifting Financial Burden To Big Banks

US
  • According to a Bloomberg report, the Federal Deposit Insurance Corp., facing almost $23 billion in costs from recent bank failures, is considering steering a larger-than-usual portion of that burden to the nation’s biggest banks, according to people with knowledge of the matter.
  • Behind the scenes, officials are looking to limit the strain on community lenders by shifting an outsize portion of the expense toward much larger institutions. (Bloomberg)

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