FDIC may squeeze big banks to cover smaller bank failure costs, Bloomberg says

The FDIC, which is facing almost $23B in costs from the recent failures of SVB Financial (SIVB) and Signature Bank (SBNY), is considering steering a larger-than-usual portion of that burden to the biggest banks, people familiar with the matter told Bloomberg’s Katherine Doherty, Hannah Levitt and Katanga Johnson. Some of the largest publicly traded U.S. banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).