The FDIC will have the biggest banks foot most of the bill to replenish its insurance fund, per Bloomberg. People familiar said the FDIC is preparing a report that will detail its fundraising plans. AdvertisementThe biggest banks in the US may be on the hook for fees that will go toward refilling the Federal Deposit Insurance Corporation's fund for insuring bank deposits, Bloomberg reported on Thursday. The FDIC is preparing a report that will be released in the coming week, which will detail how the regulator will replenish its deposit insurance fund, sources told Bloomberg. The fundraising plans involve charging the biggest US banks hefty fees, though smaller banks with assets under $10 billion will be spared.

Source: Economic Times May 05, 2023 21:59 UTC