
Big US Banks May Need To Pay For Collapse Of Smaller Rivals
Bloomberg Daybreak: Europe Edition
00:00
The FDIC Is Considering Charging Larger Banks a New Rate Assessment to Boost Reserves in the Deposit Insurance Fund
FDIC considering charging larger banks a new rate assessment. Barclays says another wave of deposit outflows is on the cards as customers wake up to high interest rates available in money market funds. Federal Reserve Chair Jerome Powell has told Republicans to study the dot plot if they want to know how much further interest rates would rise this year. Swiss regulators actively encouraged UBS to bring back Sergio Amotti, who is Swiss, as CEO following the takeover of Credit Suisse.
Transcript
Play full episode