Feds mull endless deposit assures if bank disaster worsens: report

Treasury Division officers are looking at approaches to briefly expand federal ensures on all lender deposits in circumstance the crisis gripping the banking industry worsens, according to a new report.

Bloomberg Information reported late Monday that officers are researching no matter whether regulators could have emergency authority to briefly increase Federal Deposit Insurance policies Corp. coverage earlier mentioned its $250,000 cap with no needing approval from Congress.

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