The news is here from earlier:
- US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis
This seems rather unlikely:
- US bank deposits are around $18 tln
- The FDIC insurance fund is around 125 bn USD
- The FDIC insurance fund is unfunded
Still, headlines drove Emini S&P500 futures higher for a pop:
