FDIC seeks big bank contributions to cover $23B in failed bank costs.

The FDIC is considering imposing a special assessment on the banking industry to shore up its $128 billion deposit insurance fund, which has been hit hard by recent bank failures. Officials are reportedly looking to shift an outsize portion of the expense toward much larger institutions, such as JPMorgan Chase, Bank of America, and Wells Fargo, to limit the strain on community lenders. Lawmakers have pressed regulators to spare small banks from having to pay for the intervention at Silicon Valley Bank and Signature Bank, which saved wealthy customers whose balances far exceeded the FDIC's typical $250,000 limit on coverage.