Getting your player ready...
WASHINGTON — The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to shore up the shrinking fund.
The FDIC board likely will call for “prepaid” bank insurance premiums for 2010-12 at its meeting today, said three industry executives and a government official who spoke on condition of anonymity. It would be the first time the FDIC has required prepaid insurance fees.
The Associated Press
