fdic’s - Shore News Network

Explainer-What is the FDIC’s deposit insurance fund used to backstop failed banks?

ReutersMarch 27, 20230382 views

By Hannah Lang (Reuters) – The Federal Deposit Insurance Corp (FDIC) and its flagship deposit insurance fund have been active since the Great Depression to provide an orderly resolution for…

Raising FDIC’s deposit protection limit should be considered -U.S. Senate majority leader

ReutersMarch 22, 20230153 views

WASHINGTON (Reuters) – A proposal to raise the Federal Deposit Insurance Corporation’s $250,000 limit for protecting depositors’ accounts should be considered, but any costs should be paid by the banks,…