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11.04 - 16:01
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Some Lawmakers Explore Expanding Bank Deposit Insurance
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WASHINGTON—Some lawmakers and banks are discussing whether to expand deposit insurance after two banks collapsed this month, exploring an overhaul that some influential Republicans and Biden administration officials haven’t endorsed.
Federal regulators this month stepped in to guarantee all deposits at Silicon Valley Bank and Signature Bank, declaring them a systemic financial risk, in an effort to prevent a broader run on banks. Since then, many financial regulation experts and some lawmakers have said the U.S. should raise or suspend the limit on deposit insurance, currently set at $250,000 per depositor.
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