FDIC, Bank of America to Resume Billion-Dollar Insurance Fight

The FDIC and Bank of America are set to square off in a dispute over the bank regulator’s deposit insurance assessments that could cost one of America’s largest banks at least $1.1 billion.

After years of delay caused by the pandemic and other events, Magistrate Judge Moxila A. Upadhyaya of the US District Court for the District of Columbia is set to hear Tuesday oral arguments on the two sides’ cross-motions for summary judgment in the case. She is expected to release a report and recommendations about the case in the coming months.

Judge Emmet G. Sullivan, also of the ...