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Banks Look for Ways to Manage FDIC Fee

From: "Banks Look For Ways to Manage FDIC Fee", SmartBrief, CNNMoney.com, 8/31/09

Many banks have chosen to pass on the cost of restocking the Federal Deposit Insurance Corp.'s deposit insurance fund to business customers. FDIC charged the nation's banks $5.6 billion in May to restock the fund after a series of bank failures. "Neither the bank nor the business customer has control over the FDIC special assessment," said Mike Moebs, founder of Moebs Services. "But the bank will get blamed for it and the business customer has to pay for it."


Written By: rnybeck
Date Posted: 8/28/2009
Number of Views: 2120

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