What it will cost big banks if the FDIC insures all US deposits

By law, the Federal Deposit Insurance Corp. (FDIC) has to hold the equivalent of 1.35% of all insured deposits in its deposit insurance fund (DIF). Lately, that’s means keeping $128 billion on hand. But the FDIC predicts the fund is going to take a $23 billion dollar hit after the failures of Silicon Valley Bank and… Read more...