https://www.siliconvalley.com/2023/05/01/fdic-recommends-overhauling-insurance-deposit-system/

By Sharon L. Lynch | Associated Press

NEW YORK — The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring up to $250,000 in bank deposits and replace it with an overhaul that would allow regulators to cover higher amounts on a “targeted” basis.