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We are talking about a single assessment of 5 basis points of deposits, which is what was assessed in 2009 after the 2008 crisis. This is unlikely to be a major
by op00to 4y ago
We are talking about a single assessment of 5 basis points of deposits, which is what was assessed in 2009 after the 2008 crisis. This is unlikely to be a major cost for banks.
- sanderjd 4y agoI dunno, it seems like a pretty sizable assessment as is. But this also isn't the end of this. There will be an expansion of banking regulations to cover smaller banks, which will incur costs, and they'll have to increase depository insurance premiums a lot to insure all deposits rather than just the first $250k.