Elizabeth Warren

U.S. lawmakers to examine merits of higher FDIC bank deposit insurance cap

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The Federal Deposit Insurance Corp. (FDIC) headquarters in Washington, DC, US, on Monday, March 13, 2023. Al Drago | Bloomberg | Getty Images Four prominent U.S. lawmakers on banking matters said on Sunday they would consider whether a higher federal insurance limit on bank deposits was needed to stem a financial crisis marked by a … Read more

Warren says proposal to lift FDIC insurance cap has “got to be on the table right now”

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Warren says proposal to lift FDIC insurance cap has "got to be on the table right now"

Washington — Massachusetts Sen. Elizabeth Warren said Sunday that a proposal from Congress to lift the Federal Deposit Insurance Corporation’s (FDIC) insurance cap from its current $250,000 limit is an option that has “got to be on the table right now” as lawmakers debate how to respond to the rapid collapse of two banks earlier … Read more