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If a financial institution fails, the deposit protection scheme means customers can currently claim back the first £85,000 of their savings. That would rise to £110,000 under the new proposal.
The Federal Deposit Insurance Corporation is advocating for an increase in the deposit insurance limit for business payment accounts following the three recent bank failures. Currently, the FDIC ...
New research suggests deposit interest rates - particularly at non-bank deposit takers - could fall significantly when the Reserve Bank introduces its deposit protection measure. The Depositor ...
Federal deposit insurance coverage is currently limited to $250,000. That would be plenty for you and me, but the startups and other small businesses on which our industrial recovery depends have ...
LONDON (Reuters) -The Bank of England has proposed raising the protection limit for savers in case a bank fails to 110,000 pounds ($142,300), it said on Monday. The deposit protection limit is the ...