To prevent bank runs, FDIC wants to shore up its coverage of bank accounts

Thu, 04 May 2023 21:32:09 +0000
World

The precarious and jittery state of some regional banks has prompted the Federal Deposit Insurance Corporation to come up with a plan to calm the waters a bit. The FDIC, of course, is the government agency whose name is displayed on the doors of many banks because it insures bank deposits; up to…