Getting your player ready...
WASHINGTON — Federal Deposit Insurance Corp. officials released a proposal Tuesday to help them better sort through the accounts of a large, complex bank in the event of a sudden failure.
The FDIC plan is aimed at beefing up existing requirements on the largest banks to set up internal systems to track various deposit accounts to help determine which depositors deserve to be made whole.
FDIC officials said the proposal they are putting out for public comment would cover 37 U.S. banks, and the U.S. units of foreign banks with a large number of deposit accounts are seeking feedback on whether that is the right threshold.
