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Fed in talks to create a fund to backstop deposits if more banks fail - report

Fed in talks to create a fund to backstop deposits if more banks fail - report

The FDIC and Federal Reserve is mulling a fund that would allow regulators to backstop more deposits at banks that run into trouble, according to a Bloomberg report.

The report says regulators discussed what would be a new special vehicle in conversations with bank executives, citing people familiar.

" The hope is that setting up such a vehic... Read More

Posted: Mar 12 2023, 01:09
Author Name: forexlive
Views: 082159

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