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Friday, November 20, 2009, as of 06:43 PM EDT

FDIC Uses Old Tool to Lower Cost of Failures

Cross-guaranty fee forces two healthy FBOP units to close

American Banker  |  Tuesday, November 3, 2009

By Joe Adler

The Federal Deposit Insurance Corp. dusted off rarely used authority to charge the banks for the resolution costs of the other seven insolvencies — ultimately causing the ...

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