Month: May 2023

The Federal Deposit Insurance Corporation wants to make changes to deposit insurance as more regional banks collapse

The Federal Deposit Insurance Corporation wants to make changes to deposit insurance as more regional banks collapse

The FDIC proposed three options for changes to deposit insurance. These include raising the limit to a higher figure, eliminating the cap completely, or increasing insurance coverage only for banks' business accounts used to pay workers. All of these potential changes would require congressional approval. FDIC chairman martin Gruenberg acknowledges ...

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