Explainer-How does bank deposit insurance work, and who does it cover?21 Mar 2023—yahoo.com
By Hannah Lang and Pete Schroeder
(Reuters) - In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure, to protect both consumers and the broader financial system.
With the collapse of Silicon Valley Bank and Signature Bank and the U.S. government backstopping all deposits at those firms, here is the state of play of deposit insurance in the United States:
WHAT IS THE U.S DEPOSIT INSURANCE...