Washington Watch
Skepticism remains over feds’ fidelity to $250,000 insurance caps
U.S. Treasury Secretary Janet Yellen said the Silicon Valley Bank bailout was a one-off, but uncertainty over deposit insurance remains.
Drew Angerer/Getty Images
The federal bailout of depositors at Silicon Valley Bank was organized with historic speed and may have saved the U.S. economy from a devastating wave of bank failures, but it also highlights the potential need for a dramatic overhaul of the U.S. deposit-insurance system and banking regulations more broadly.
At a hearing before the Senate Finance Committee Thursday, lawmakers asked Treasury Secretary Janet Yellen a question that is on the minds of many Americans: Should regional-bank depositors expect the federal government…
