FDIC considers securitisation of failed bank assets

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The Federal Deposit Insurance Corporation is considering securitising some of the failed bank assets in its receivership, according to a policy advisor at the agency.

“The FDIC is looking at all options to maximise the value of the assets in receiverships, and one of those options is securitising pools of loans,” says Michael Krimminger, a special advisor for policy at the agency, which insures bank deposits as well as managing receiverships.

The FDIC has assumed the assets of 124 banks that have

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