The FDIC approves a plan that shifts a higher burden for deposit insurance onto larger banks, a...

|By:, SA News Editor

The FDIC approves a plan that shifts a higher burden for deposit insurance onto larger banks, a change from its policy of drawing quarterly fees based on banks' total domestic deposits. Banks with $10B or more will pay 80% of total fees, up from 70% - and most of that would fall on the biggest of the big, with $100B in assets (including BAC, JPM, C, WFC).