Government to commit another $30 billion to AIG in exchange for preferred stock. FDIC to raise fees paid by financial institutions to deposit insurance fund. FDI expects bank failures will cost the fund $65 billion through 2013, up from an earlier estimate of $40 billion. AIG’s fourth quarter loss for the fourth quarter was compounded by ongoing problems in the credit markets. Wall Street will be eyeing economic news this week as Dow and S&P 500 nearing levels not seen in the past 12 years.”]
Source: https://www.cuinfosecurity.com/aig-records-historic-loss-fdic-raises-bank-fees-a-1246