FDIC proposes big banks pay for SVB and Signature failures.

The Federal Deposit Insurance Corporation (FDIC) has proposed that banks with more than $5 billion in assets should help pay for the March failures of Silicon Valley Bank and Signature Bank, sparing small community institutions from footing part of the bill. The FDIC estimates that it will cost $15.8 billion to protect all depositors at those two institutions who were above the FDIC's $250,000-per account insurance level. The proposal asks the largest banks – those with total assets over $50 billion — to pay more than 95% of the special assessment.