Feds mull limitless deposit ensures if financial institution disaster worsens: report

Treasury Department officers are contemplating methods to quickly increase federal ensures on all financial institution deposits in case the disaster gripping the banking trade worsens, based on a brand new report.

Bloomberg News reported late Monday that officers are finding out whether or not regulators might have emergency authority to quickly increase Federal Deposit Insurance Corp. protection above its $250,000 cap with no need approval from Congress.

Source web site: www.marketwatch.com

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