Biggest banks will pay to replenish FDIC insurance fund: report

The biggest banks in the US may be on the hook for fees that will go toward refilling the Federal Deposit Insurance Corporation's fund for insuring bank deposits,The FDIC is preparing a report that will be released in the coming week, which will detail how the regulator will replenish its deposit insurance fund, sources told Bloomberg. The fundraising plans involve charging the biggest US banks hefty fees, though smaller banks with assets under $10 billion will be spared.

Bigger banks may face higher charges, due to factors like the size of its balance sheet and number of depositors, the sources said. Banks with less than $50 billion in deposits could potentially avoid fees, they added, such as by making payments into the fund spread out over the following two years. The fund has taken a hit amid this year's slew of bank failures.

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