Yellen says Treasury isn’t working on expansion of FDIC deposit insurance

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Yellen says Treasury isn’t working on expansion of FDIC deposit insurance
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Treasury Secretary Janet Yellen on Wednesday said her agency hasn’t looked at expanding FDIC deposit insurance. Yellen is testifying in the Senate, where she...

Treasury Secretary Janet Yellen on Wednesday said her agency hasn’t looked at expanding FDIC deposit insurance.

Yellen is testifying in the Senate, where she was asked about reports that officials are studying ways to expand FDIC coverage to all deposits. “This not something we have looked at, it’s not something that we’re considering,” she said.

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