WASHINGTON — Bankers and some lawmakers reacted with a mix of uncertainty and outrage on Wednesday after the conference committee opted to raise deposit insurance premiums on large institutions in an effort to pay the costs of the regulatory reform bill.
The panel approved a 20-basis-point hike in the Federal Deposit Insurance Corp.'s minimum ratio of reserves to insured deposits, to 1.35%, but limited the higher premiums that would cause to banks with more than $10 billion of assets.
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