- Yellen says regulators not looking to provide blanket deposit insurance without working with lawmakers.
- FDIC's $250,000 deposit insurance cap in focus amid crisis.
- Yellen studying ways to temporarily raise the federal insurance cap above $250,000 without Congressional approval.
- Executives responsible for the collapse of a bank shouldn't be profiting, says Yellen.
- Treasury has access to a roughly $30 billion pot of money in the Exchange Stabilization Fund that some officials have said could be leveraged for a temporary measure.
Yellen Says US Not Considering ‘Blanket’ Bank Deposit Insurance
Treasury Secretary Janet Yellen said regulators aren’t looking to provide “blanket” deposit insurance to stabilize the US banking system without working with lawmakers, and that the heads of recently failed American lender should be held accountable.
Christopher Condon
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