February 6, 2024 (NO COMMENTS)

Most US banks face higher toll under new methodologyAll but five US banks asked to replenish the Federal Deposit Insurance Corporation’s (FDIC) fund under the 2023 special assessment had to shoulder higher costs than they would have under the methodology used in the last such case, a Risk Quantum analysis shows.  On November 16, 2023, the FDIC approved a rule to recover the loss to its Deposit Insurance Fund (DIF) following the collapse of Silicon Valley Bank and Signature Bank. The total costs linked to the protection of uninsured depositors was