FDIC
Democrats call for raising FDIC insurance limits at Senate hearing
WASHINGTON DC — Members of the Senate banking committee explored the pros and cons of reforming deposit insurance on Thursday, which has been a topic of debate among policymakers since the aftermath of bank collapses earlier this year. The Federal Deposit Insurance Corporation (FDIC) insures each depositor for up to $250,000 — a fact that took […]
Fed’s fault-finding on bank failures could lead to stronger regulations
New banking regulations proposed by federal watchdogs don’t go far enough in countering potential problems, but could help lower bank fees and calm financial markets and nerves, leading to a more stable financial system, according to some economists. The Federal Reserve, FDIC and Government Accountability Office released reports last week blaming mismanagement of risk, including […]
Members of U.S. Senate panel press financial regulators on massive bank failures
WASHINGTON — Financial regulators promised a full review of Silicon Valley Bank’s massive failure as members of a key U.S. Senate panel on Tuesday interrogated the officials about what led to the second-largest bank collapse in U.S. history. Members of the Senate Committee on Banking, Housing and Urban Affairs asked if the Federal Reserve could […]