Wall Street Giants Expect $8.9 Billion Hit From Bank Failures

(Bloomberg) -- The biggest US lenders expect to pay almost $8.9 billion to help replenish the US government’s bedrock Deposit Insurance Fund after it was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone SlumpsCredit S

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