How much are banks earning by collecting FDIC-backed bank bonds in the States? Underwriting these bonds and placing them is done in Europe with a 0,15% fee and in the States 0,30%.
That seems rather small, but once you start to add up the figures considering the size of the FDIC backed market, the amounts become substantial.
Ironic: the TARP recipient banks are the biggest underwriters of these bonds. So they are generating revenues on their own difficulties. And bonuses… of course.
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That seems rather small, but once you start to add up the figures considering the size of the FDIC backed market, the amounts become substantial.
Ironic: the TARP recipient banks are the biggest underwriters of these bonds. So they are generating revenues on their own difficulties. And bonuses… of course.
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