Summary
WASHINGTON, D.C. - The Federal Deposit Insurance Corp. on Tuesday projected that bank failures will cost the agency $21 billion from 2011 through 2015, significantly less than the $24 billion in losses it estimates for banks that failed in 2010 alone.
In addition, the FDIC's staff projects that the Deposit Insurance Fund the agency operates will turn to a positive balance this year, after several negative quarters driven by a wave of bank failures in the wake of the financial crisis that shook the economy to the brink in 2008.See the full content of this document
Extract
Fdic: Cost of Bank Failures to Taper Off
Banks currently pay fees to the agen...
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