US exploring ways to guarantee the country's 18T of bank deposits: Report

US exploring ways to guarantee the country's 18T of bank deposits: Report

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U.S. officials are reportedly studying ways to expand the current scope of deposit insurance that would guarantee all U.S. bank deposits should the current banking crisis worsen. The current deposit insurance cap under the Federal Deposit Insurance Corporation (FDIC) stands at $250,000, however,…

#fdic #treasurydepartment #siliconvalleybank #federalreserve #btfp #karinejeanpierre #jeanpierrre #bidenadministrations #treasury

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