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Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
The borrowing could be needed to cover short-term cash-flow pressures caused by reimbursing depositors immediately after the failure of a bank, the paper said.
- Mike Rivero
- Ethan Allen and...
Member Submitted News
Lawyers 'get £2.5million of Jimmy Savile's estate leaving just £1million for the paedophile DJ's victims'malterwitty
#NeverTrump Commies Push Elderly Veteran off a Ledge at RNC IN CLEVELAND: LISTEN TO THESE DEVILS CHANT!alexmark
Germany machete attack: Syrian refugee kills one and injures others after hacking at passersby in streetmalterwitty
Twitter is shadow banning #DNCleak to make it go down in trends and Wikileaks links are banned on facebook now.alexmark
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