FDIC To Repay Banks Billions For Prepaid Assessments

Law360, San Diego (April 11, 2013, 10:33 PM EDT) -- Fewer banks will fail and the ones that do will be smaller over the next few years as the banking sector continues to rebound from the financial meltdown, putting the Federal Deposit Insurance Corp. on track to return billions of dollars to insured banks that had to prepay the agency to keep its insurance fund financially stable during the peak of the crisis, according to a Thursday report by the agency.

The agency projected that the cost of bank failures from 2012-16 will decline to $7...
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