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Deposits Topics

FDIC seeks to borrow $45 billion from banks to rebuild reserves

Under the agency's proposal, institutions would prepay three years' worth of premiums to the fund that insures customer deposits in case of bank failure.

Federal regulators today proposed borrowing $45 billion from the nation's banks to help rebuild the fund that insures customer deposits as an increasing number of failures threaten to drain the fund's reserves.

 

Deal Near in Swiss Bank Case

U.S. has been seeking data on depositors suspected of using UBS bank accounts to hide cash from IRS.

 

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