- The FDIC is looking at $23 billion in costs from the SVB and Signature Bank failures.
- Bloomberg reported the agency may push big banks to shoulder a larger-than-usual share of those costs.
- There’s political pressure to prevent putting a financial strain on community lenders.
The Federal Deposit Insurance Corp. is looking at roughly $23 billion in costs from bank failures this month, and it may push big banks to shoulder a larger-than-usual share of those costs, sources told Bloomberg.
The agency has said it plans to propose a special assessment on the industry in May to make its $128 billion deposit insurance fund whole after it was hit by the collapses of Silicon Valley Bank and Signature Bank, the report published Wednesday said.
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