FDIC announces new guarantee to fully insure bank accounts
By Lok News Bureau • Oct 14th, 2008 • Category: Business, USAWASHINGTON – The Federal Deposit Insurance Corporation (FDIC) announced a new program – the Temporary Liquidity Guarantee Program – to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and by providing full coverage of non-interest bearing deposit transaction accounts, regardless [...]
