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As Failures Mount, FDIC Asks Banks to Prepay

Regulator wants cash upfront through 2013 to avoid emergency credit line

By Jason Farago, Newser Staff

Posted Sep 30, 2009 7:03 AM CDT

(Newser) – The FDIC is set to ask banks to prepay three years of fees to replenish its coffers after a wave of bank failures, estimated to cost as much as $100 billion. Banks would be asked to prepay $45 billion of their quarterly assessments, but they... Read full story »

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As Failures Mount, FDIC Asks Banks to Prepay

Regulator wants cash upfront through 2013 to avoid emergency credit line

FDIC • bank failure • financial crisis • Sheila Bair • regulator

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