US Regulator Urges Deposits Reform to Prevent Bank Failures After First Republic Buyout

US Regulator Urges Deposits Reform to Prevent Bank Failures After First Republic Buyout

WASHINGTON (Sputnik) – US banking regulator FDIC issued a Monday report proposing three key reforms to the way deposits are insured at the country’s banks, as a means to prevent the collapse of another lender after three have already been wiped out by a banking crisis that began in March.

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