“Big US banks to pay billions to replenish failure fund”
May 12, 2023
“Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders, although mid-sized banks will also be on the hook, the Federal Deposit Insurance Corporation (FDIC) said on Thursday…
The top 14 U.S. lenders will need to fork out an estimated $5.8 billion a year, which could erode their earnings per share by a median 3%, Credit Suisse analyst Susan Roth Katzke wrote in a report…
Other regional lenders with high proportions of uninsured deposits include Comerica Bank, Western Alliance Bank, Zions Bank and Synovus Financial, according to a Reuters analysis from last month based on December data…”
https://finance.yahoo.com/news/fdic-board-discuss-special-assessment-134528091.html