Sep
30

BofA, Wells Fargo, JPM, Citigroup FDIC Fees May Top $10 Billion

Filed Under Deals, News 

The FDIC is struggling mightily to stay solvent. Given that there are bank failures every Friday, it’s no easy feat for the FDIC to stay ahead of the game. Please consider Bank of America, Major Banks’ FDIC Premiums May Top $10 Billion . The Federal Deposit Insurance Corp.’s plan to rebuild its reserves may cost Bank of America Corp. and three of the largest U.S. banks more than $10 billion. Bank of America, the biggest U.S. lender by deposits, may owe $3.5 billion under an FDIC proposal th

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