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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by ru552 on Monday March 13, 2023 @09:16AM (#35135270)
The businesses you refer to that need more than $250k in an account can purchase additional insurance. Example: I work at a financial institution and when we offer a $1m CD, the FDIC covers the first $250k and we purchase additional insurance to cover the remaining $750k so that the entire product is covered.
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Re:Joint Statement by the Department of the Treasury, Federa... by samstave on Monday March 13, 2023 @12:18PM (#35137834)
Any info on what that policy costs, per $1M
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