US Discusses Fund to Backstop Deposits If More Banks Fail

US Discusses Fund to Backstop Deposits If More Banks Fail

Business
March 12, 2023 by secret
146
[ad_1] (Bloomberg) — The Federal Deposit Insurance Corp. and the Federal Reserve are weighing creating a fund that would allow regulators to backstop more deposits at banks that run into trouble following Silicon Valley Bank’s collapse. Most Read from Bloomberg Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar