The US Federal Deposit Insurance Corp is preparing to wind down an emergency programme launched last year, in what could become an early test of how the banking industry will fare without extraordinary government assistance, reports the WSJ. The FDIC said it is considering letting its scheme, which guarantees debt issued by banks, expire on Oct 31 or extending it another six months for “emergency” purposes.

This entry was posted by Gwen Robinson on Thursday, September 10th, 2009 at 5:00 and is filed under Capital markets. Tagged with fdic. Edit this entry.