SAN FRANCISCO - Ricki Helfer, celebrating her first anniversary as Federal Deposit Insurance Corp. chairman this week, told bankers Tuesday to get ready for lower premiums.

Savings from cuts in the agency's staff and expenses should allow the FDIC to lower bank insurance costs, Ms. Helfer said in a speech at the American Bankers Association's annual convention here.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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