US Studies Ways to Guarantee All Bank Deposits If Crisis Expands

U.S. studies ways to insure all bank deposits if crisis grows

U.S. officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.

Treasury officials exploring ways to temporarily insure all bank deposits: report

The Treasury Department is exploring whether the Federal Deposit Insurance Corp. (FDIC) has the authority to temporarily expand insurance to all bank deposits, Bloomberg News reported. The FDIC only insures deposits up to $250,000, but a coalition of midsize banks is urging the FDIC to guarantee all deposits for two years to stop the flow…

US officials study ways to expand FDIC coverage to all deposits -Bloomberg News

(Reuters) - U.S officials are looking at ways to temporarily expand Federal Deposit Insurance Corp (FDIC) coverage to all deposits, Bloomberg News ...

U.S. Looks Into Guaranteeing All Bank Deposits to Avoid Possible Crisis: Report

It’s not yet clear if such extreme action will be required.

US officials study ways to expand FDIC coverage to all deposits

One legal framework that is being looked at for expanding FDIC insurance would use the Treasury Department's authority to take emergency action and lean on the Exchange Stabilization Fund

U.S. studies ways to insure all bank deposits if crisis grows

U.S. officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis. Read more...