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Paying the bill for failed banks America's banks face an additional $4.1 billion bill from the FDIC.

A year after the collapse of Silicon Valley Bank, America's banks are still paying to clean up the mess, and the costs could add up to about $4.1 billion. According to the Federal Deposit Insurance Corporation's (FDIC) annual report released in late February, the FDIC now estimates that the failures of Silicon Valley Bank and Signature Bank will result in losses of $20.4 billion. That's 25 percent higher than the $16.3 billion projected last November.
The fallout: Many institutions-large banks such as JPMorgan Chase, regional banks such as PNC Financial Services Group, and even some relatively locally oriented banks-may have to pay more to replenish the deposit insurance fund. This is the reserve that the FDIC uses to protect depositors in the event of a bank failure. $Nasdaq Composite Index(.IXIC.US)$ $S&P 500 Index(.SPX.US)$ $JPMorgan(JPM.US)$
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