Treasury Department officials are considering ways to temporarily expand federal guarantees on all bank deposits in case the crisis gripping the banking industry worsens, according to a new report. Read More...
Treasury Department officials are considering ways to temporarily expand federal guarantees on all bank deposits in case the crisis gripping the banking industry worsens, according to a new report.
Bloomberg News reported late Monday that officials are studying whether regulators could have emergency authority to temporarily expand Federal Deposit Insurance Corp. coverage above its $250,000 cap without needing approval from Congress.
