Corrected: US FDIC to consider 'special assessment' for March bank failure losses

Signature Bank

16/11/2023 15:05

(Corrects throughout to say the FDIC plans to vote without
holding an open meeting)
       Nov 16 (Reuters) - The U.S. Federal Deposit Insurance
Corporation on Thursday was due to consider approving the
collection of bank fees to recover losses from the failures of
Silicon Valley Bank and Signature Bank in March.
    The FDIC's board of directors had been due to conduct a
public meeting to vote on the matter but the agency announced
Thursday morning that board members would instead consider the
matter in private.
    Under a proposed rule unveiled in May, the roughly $16
billion cost would be collected in quarterly payments over a
two-year period, with 95% to be paid by banks with more than $50
billion in assets. The final version may be different.

 (Reporting by Douglas Gillison; Editing by Chizu Nomiyama)
 ((douglas.gillison@thomsonreuters.com; Reuters Messaging:
@douglasgillison))