bank deposits

(University of Illinois at Urbana-Champaign) Government insurance programs that safeguard bank deposits should be reformed to ease taxpayers' undue stake in propping up the nation's banking system, according to research by a University of Illinois finance professor.

The chief executive of HSBC’s Asian operations called for Asian governments to abandon their guarantees of bank deposits, saying they amount to inappropriate assistance to weak banks.

Poland's president gave his approval Monday to a law increasing guarantees on bank deposits to euro50,000 ($63,000).

Authorities across Asia scrambled this week to expand guarantees on bank deposits in a bid to assure nervous savers that financial turmoil in the U.S. and Europe won't wreak havoc on the region's banks.

Malaysia said it will guarantee all bank deposits for the next two years, following similar moves by Hong Kong and Singapore amid fears that banks may collapse in the global financial crisis.

After U.S. and European governments took steps to assist banks, Hong Kong’s financial regulators announced government backing for all of the territory’s bank deposits through 2010.

Senate leaders scheduled the vote after agreeing to add tax breaks and a higher limit for insured bank deposits in a bid to attract enough votes to reverse defeat in the House.

The agency that protects U.S. bank deposits is asking Congress for temporary authority to boost deposit insurance limits as the government works to contain the financial crisis.

The agency that protects U.S. bank deposits is asking Congress for temporary authority to boost deposit insurance limits as the government works to contain the financial crisis.

The sale would further concentrate Americans’ bank deposits in the hands of just three banks: Bank of America, JPMorgan Chase and Citigroup.