The FDIC launches a plan to replenish its deposit insurance fund even while lowering its...

|By:, SA News Editor

The FDIC launches a plan to replenish its deposit insurance fund even while lowering its estimates of bank failure costs to $52B from $60B and canceling a planned bank fee hike. "While it is difficult to make long-term projections," Sheila Bair says, "we are trying to give the industry greater certainty regarding what rates will be over the long run."