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A comment on FDIC Establishes Signature Bridge Bank, N.A., As Successor to Signature Bank. Parent comment

Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by hn_throwaway_99 on Sunday March 12, 2023 @11:32PM (#35130645)
This is from the top HN post:

> Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

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Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by hypothesis on Sunday March 12, 2023 @11:37PM (#35130679)
So, going forward, are they planning to do a “special assessment” for every failure? Because before banks were paying premiums into the system, just like an insurance.
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Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by peyton on Sunday March 12, 2023 @11:41PM (#35130707)
Yes, the premiums are called assessments.
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Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by hypothesis on Sunday March 12, 2023 @11:53PM (#35130788)
Ok, that makes sense.

My question was more about mechanics of this. Do they plan to keep FDIC fund and grow it or maybe you wind it down and just assess “as needed”, since the other guy is now completely on the hook.

[ Parent | on HN ]
Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by dkjaudyeqooe on Sunday March 12, 2023 @11:58PM (#35130835)
No insurance premiums will reflect estimated risk of total bank failures going forward.
[ Parent | on HN ]