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NewsJanuary 7 2010

FDIC moots linking levies to bank pay

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The US' Federal Deposit Insurance Corporation is thinking of linking bank levies to pay plans

The FDIC – a multibillion-dollar fund that insures depositors' savings up to $250,000 – is considering proposals that would see US bank contributions to the fund linked to regulators' assessment of bank pay plans, according to a story in the Financial Times.

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