Lawmakers could reduce the risk of bank runs by significantly raising deposit-insurance protection for accounts used for payroll and other business payments.
Tag: FDIC
Bank Failures Aren’t Stopping Regulators from Hitting Deposit Insurance Target
The recent failures of Silicon Valley Bank and Signature Bank won’t prevent US regulators from bolstering a key measure of deposit insurance.
FDIC Official: SVB Failed from Mismanagement, Not Loose Regulations
Management failures, not loose regulations, prompted Silicon Valley Bank’s sudden failure last month, a top Federal Deposit Insurance Corporation (FDIC) official said on Wednesday.
Biden Said Federal Deposit Insurance Could Be Tapped Further If Banks Fail
President Joe Biden said on Friday that federal deposit insurance could be tapped for deposits above $250,000 if other U.S. banks fail.