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Monday, October 2, 2023

JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring’s banking fiasco

Wall Street’s largest lenders are set to pay nearly $8.9 billion to refill the Federal Deposit Insurance Corporation (FDIC) coffers after this spring’s banking fiasco. JPMorgan tops the list as the biggest contributor, expected to pay $3 billion towards the US government’s deposit insurance fund, …

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