WASHINGTON — Maxine Waters, the top Democrat on the House Financial Services Committee, is floating the idea of guaranteeing all uninsured depositors in the future. "Are we going to make sure that we take care of the uninsured in the way that we did with this fallout from Silicon Valley Bank?"…
SDI Productions / iStock.comThe recent failings of Silicon Valley Bank and Signature Bank have dominated the news over the past few days, leaving savers of all ages wondering what insurance measures their financial institutions have in place in the event of a bank failure, a bankruptcy or the mismanagement of…
Sen. Elizabeth Warren (D-Mass.) on Wednesday said the $250,000 cap on deposit insurance should be reexamined to better suit small business and nonprofit organizations. “I think that we should reexamine, just overall, about why we have limits at $250,000 of protection,” she said on CNBC’s “Squawk Street.” The Federal Deposit…