Bank failures raise question of whether to raise FDIC insurance levels

Silicon Valley Bank offices in Tempe, Ariz., photographed on March 12, 2023.

Recent bank failures have shined a highlight on a thorny dilemma: Is it time to overhaul the federal deposit insurance policy application?

The failures of Silicon Valley Financial institution and Signature Lender past thirty day period uncovered weaknesses in the system, including much too many uninsured deposits at some institutions and the propensity of jittery depositors to transfer funds at the drop of a hat.

Gone are the times captured by grainy Depression-era newsreels when anxious buyers experienced to stand in lengthy strains exterior of branch offices in hopes of receiving their dollars back again. Now, depositors can spark lender operates by clicking a handful of buttons on their mobile telephones. The speed of customer reactions results in new pressures for the deposit-insurance technique, as it marks its 90th anniversary.

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