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The FDIC announced two significant things today: it estimates that the cost of bank failures would rise to $100 billion over the next four years, and that it was going to pre-assess banks today for...
The FDIC reported today that the situation is still grim in the nation's banking sector. The number of problem banks rose from 305 to 416 and the FDIC's deposit insurance fund fell to $10 billion...
John Bovenzi, the Chief Operating Officer of the FDIC said in a committe hearing to the US House that the cost to the FDIC to ensure bank failures will likely cost more than the original prediction...