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FDIC Fund Strained by Bank Failures May Lift Premiums

FDIC Fund Strained by Bank Failures May Lift Premiums

The failure of IndyMac Bancorp Inc. and seven other banks this year may erase as much as 17 percent of a government insurance fund and raise premiums for all banks, from Franklin National of Minneapolis to Bank of America Corp.

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FDIC troubled bank list

FDIC troubled bank list

The FDIC has been reporting all weekend about some large banks that are showing signs of definite weakness. While the FDIC sees some improvement in the banking industry there are still some serious problems. The troubled Banks include some big names and there are some real issues in California.

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