Aug 3 (Reuters) – U.S. banks have started to detail the expected impact to their costs from the “special assessment” fee they have to pay to replenish the Federal Deposit Insurance Corporation’s deposit insurance fund.
In May, the banking regulator said large U.S. lenders would bear most of the costs to replenish the fund. Here is what banks have disclosed so far: Expected Bank Estimated costs timeline to recognize costs Wells Fargo Up to $1.8 bln Will expense the entire pre-tax amount upon FDIC’s finalization of the proposal.
Bank of Non-interest Cost would be recognized America expense of upon finalization of the nearly $1.9 bln proposal. Goldman About $400 mln Expense would be Sachs Group pre-tax recognized entirely in the quarter in which the rule is adopted. PNC Nearly $468 mln Would be incurred in the Financial pre-tax, AVENUESLOT Situs Slot Online Pay4d Terpercaya dan Teraman or $370 quarter the FDIC Services mln after-tax finalizes the proposal.
Group Source: Bank quarterly filings (Compiled by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shounak Dasgupta)
