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WASHINGTON — The Federal Deposit Insurance Corp. on Tuesday projected that bank failures will cost the agency $21 billion from 2011 through 2015, significantly less than the $24 billion in losses it estimates for banks that failed in 2010 alone.
In addition, the FDIC’s staff projects that the Deposit Insurance Fund that the agency operates will turn to a positive balance this year, after several negative quarters driven by a wave of bank failures.
