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Article: FDIC to raise rates.(FINANCE)(Federal Deposit Insurance Corp)(Brief article)
- Article from:
- San Diego Business Journal
- Article date:
- March 9, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FDIC To Raise Rates: In response to record losses last year, and anticipating future failures, the FDIC says it is increasing the assessment on the deposits the banks hold.
Under the interim rule that takes effect April 1, the best risk banks will see their FDIC insurance premiums increase 2 cents and go to 12 to 16 cents per $100 of deposits, ...