FDIC Might Ask Big Banks to Plug $23 Billion Hole

The FDIC is considering a special assessment on big banks to cover a $23 billion shortfall in its Deposit Insurance Fund, following recent bank failures. This move has led to a mixed reaction from investors, with some bank stocks experiencing minor declines. The plan has also sparked political debate, particularly from smaller banks and community lenders, who are concerned about the implications of bailing out larger institutions. Lawmakers have been actively discussing this issue in recent hearings.

What has been the reaction of investors to the news about the FDIC's special assessment?

What concerns have been raised by smaller banks regarding the special assessment?