<p>When the Federal Deposit Insurance Corp. stepped in to make depositors whole after recent bank failures, the agency&#8217;s insurance fund took a $15.8 billion hit. So who&#8217;s on the hook to replenish it? If the FDIC has its way, it&#8217;ll be the nation&#8217;s largest banks. Also on the program: smaller tax refunds, an alternative solution to bank runs and a potential boon to private prisons.</p>

Marketplace

Marketplace

The FDIC is asking big banks to pay up

MAY 12, 202327 MIN
Marketplace

The FDIC is asking big banks to pay up

MAY 12, 202327 MIN

Description

When the Federal Deposit Insurance Corp. stepped in to make depositors whole after recent bank failures, the agency’s insurance fund took a $15.8 billion hit. So who’s on the hook to replenish it? If the FDIC has its way, it’ll be the nation’s largest banks. Also on the program: smaller tax refunds, an alternative solution to bank runs and a potential boon to private prisons.