FDIC recommends raising deposit insurance cap for businesses ...Middle East

The Federal Deposit Insurance Corporation on Monday endorsed raising the deposit insurance limit for businesses following high-profile bank failures that prompted regulators to cover billions of dollars in uninsured deposits, but didn’t specify a new cap. Members of Congress have grappled with whether to raise the $250,000 cap on deposit insurance in the wake of […] The post FDIC recommends raising deposit insurance cap for businesses appeared first on Roll Call.

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