There may be a downside to free deposit insurance premiums, according to Treasury Under Secretary John D. Hawke Jr.

In a speech on Thursday, Mr. Hawke warned that banks could be perceived as receiving a government benefit for free, rather than paying a fair market value.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.