Los Angeles Business Journal

Scores of FDIC Settlements Go Unannounced

Monday, March 11, 2013

Since 2007, 471 U.S. banks have failed, nearly depleting the FDIC deposit-insurance fund with $92.5 billion in losses. But rather than sue, the agency has typically preferred to settle for a fraction of the losses while helping the banks avoid bad press, the Los Angeles Times reports.