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FDIC Signals Support for Narrow Changes to Deposit Insurance
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WASHINGTON—Lawmakers could reduce the risk of bank runs by significantly raising deposit-insurance protection for accounts used for payroll and other business payments, the Federal Deposit Insurance Corp. said in a report Monday.
A targeted move to make sure businesses can get back money intended for such payments if a bank fails was the best of three options the FDIC considered for overhauling the deposit-insurance system, the agency said.
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FDIC Signals Support for Narrow Changes to Deposit Insurance wsj.com /1 year ago
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