Wells Fargo, Bank of America to pay FDIC up to $3.7 billion combined for bank failure special assessment
Wells Fargo & Co. WFC, said it will pay up to $1.8 billion to the Federal Deposit Insurance Co.’s deposit insurance fund as part of the government’s special assessment following the regional-bank crisis earlier this year. Wells Fargo said it will expense the entire amount upon the FDIC’s…
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