FDIC Agrees To Not Increase Premiums - For Now!

By Marc DeCastro – October 20, 2010
Photo of Marc DeCastroOffline

On October 19th, the FDIC announced that they are not going to increase deposit premiums for now - but this is really a temporary adjustment based on the fact that failed bank losses at the FDIC are not as high as anticipated. FDIC officials said they now expect to lose $52 billion through 2014, which is $8 billion lower than earlier projections.

 

About the author

Marc DeCastro

Research Director - Consumer BankingIDC Financial Insights

As an industry veteran, Marc DeCastro provides extensive information technology expertise to assist IT managers with all facets of web-based technologies for online strategies within financial…

0 Comments

Post a comment

Form Signatures

Viewed 1,178 times