The FDIC is asking big banks to pay up
Marketplace
English - May 12, 2023 22:41 - 27 minutes - 11.8 MB - ★★★★★ - 7.7K ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: When a strong economy fuels strong migration
When the Federal Deposit Insurance Corp. stepped in to make depositors whole after recent bank failures, the agency’s insurance fund took a $15.8 billion hit. So who’s on the hook to replenish it? If the FDIC has its way, it’ll be the nation’s largest banks. Also on the program: smaller tax refunds, an alternative solution to bank runs and a potential boon to private prisons.