The FDIC’s Sweetheart Bank Deal for SVB - WSJ Opinion

The losers in this sweetheart deal will be other banks (and their customers) that will have to pick up the estimated $20 billion cost to replenish the deposit insurance fund. That’s about 15% of the entire fund. By comparison, the 214 bank failures between 2011 and 2022 cost the fund $12.4 billion.