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.
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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