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FDIC recommends overhauling US insurance deposit system

The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring up to $250,000 in bank deposits and replace it with an overhaul that would allow regulators to cover higher amounts on a “targeted” basis.The proposed change appears to openly acknowledge that the FDIC is looking for ways to calm both depositors and markets as the organization contends with the third U.S. bank failure this year. First Republic…

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Left 27%

Center 64%

Right 10%

Bias Distribution

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Right

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Far
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95 other sources covering this story

Total News Sources

95

Leaning Left

17

Center

40

Leaning Right

6

Last Updated

1 year ago

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