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U.S. lawmakers to examine merits of higher FDIC bank deposit insurance cap

hank
edited March 2023 in Other Investing
”Four prominent U.S. lawmakers on banking matters said on Sunday they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis marked by a drain of large, uninsured deposits away from smaller and regional banks.”
Story

Bloomberg is reporting this evening that Fed officials are also actively considering a plan to extend FDIC insurance to all bank account balances, regardless of amount. And there was one report on Bloomberg that money has now begun fleeing the largest banks. Where will all this end?

Shelia Bair Weighs in
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