Failed Banks — Part 2: Banks Want an FDIC Guarantee Expansion

The Federal Deposit Insurance Corporation (FDIC) insures bank deposits up to $250,000. Anything above $250,000 is gone. A lot of investors were shocked to learn that when Silicon Valley Bank, Silvergate and Signature Bank failed last week. A coalition of mid-sized banks want the FDIC to change that. The worry is a bank run because …

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