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Banks Battle Each Other Over the Tab For SVB's Collapse
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Banks Battle Each Other Over the Tab For SVB's Collapse

Also, banking groups signal they might take Quarles' advice and sue Fed over stress tests; PCAOB chief is incensed about rising audit deficiencies

Jul 25, 2023
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Banks Battle Each Other Over the Tab For SVB's Collapse
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Banks, of course, haven’t complained about regulators’ efforts to stem the panic in the financial system following the collapse of Silicon Valley Bank. But the industry (or at least most of it) has found a lot more to carp about when it comes to paying for the government rescue.

The FDIC’s proposal for collecting some $15.8 billion to restock its deposit…

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