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Feb. 23 (Bloomberg) — The Federal Deposit Insurance Corp. may start selling bonds tied to the assets of failed banks as soon as next month.
Initial offerings may include about $2 billion of the FDIC’s remaining stakes in loans from Corus Bank and Franklin Bank, according to people familiar with the discussions who declined to be identified because the talks aren’t public. The debt would be guaranteed by the agency, they said.
The FDIC holds about $40 billion of assets from seized banks and expects to gather more as institutions continue to collapse after the worst U.S. recession and real-estate slump since the Great Depression, Jim Wigand, an agency official, said.
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