FDIC recommends hiking $250,000 insured deposit limit for businesses
CBSN
The risk of bank runs could be lowered if lawmakers accept a new proposal from the Federal Deposit Insurance Corp. to boost deposit-insurance protection for businesses above the current $250,000 threshold, according to a new FDIC report.
The report comes after three recent bank failures that were spurred by classic bank runs, with skittish depositors withdrawing their money amid concerns that instability at the banks would leave those with more than $250,000 in deposits with big losses.
On the eve of the D-Day invasion, Gen. Dwight Eisenhower spent the remaining hours of daylight with the paratroopers who were about to jump behind German lines into occupied France. A single moment captured by an Army photographer became the most enduring image of America's greatest military operation.