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Showing 1 - 2 of 2 results for "Deposit Insurance Fund"

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... share in the losses and potential recoveries on the loans covered. The FDIC estimates that the cost to the Deposit Insurance Fund will be about $13 billion, it said. Going forward, First Republic's 84 existing offices located across eight states ...

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund," Biden said. "Because of the actions that our regulators have already taken, every American should feel confident that their ...
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