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After US bank failures, agencies directed to analyse deposit insurance mechanism

Following the closures of a few banks in the United States, the Federal Deposit Insurance Corporation (FDIC) directed the relevant agencies to conduct an analysis of the current deposit insurance framework and identify reform options as well as additional tools that can be used to maximize the efficiency of the system. ....

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FDIC recommends raising insured deposit limit for businesses

U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.'s new proposal to ease the industry turmoil that has sparked three bank failures in the past two months. ....

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