WASHINGTON, Oct 20 (Reuters) – U.S. regulators voted on Tuesday to end a government program that guarantees some debt issued by banks, but also to set up a 6-month safety net facility.
US bank regulators eye options to end debt guarantee
By Karey Wutkowski
WASHINGTON, Sept 9 (Reuters) – U.S. regulators on Wednesday proposed two alternatives to phase out a government program that guarantees certain debt issued by banks.
The Federal Deposit Insurance Corp voted to put out for public comment one approach that would have the program expire on Oct. 31, as planned. It also proposed to have the program expire on that date but to establish a limited six-month emergency guarantee program that would be available to institutions suffering from market disruptions beyond their control.
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