BUSINESS BRIEFING / BANKING
Times Staff and Wire Reports
The Federal Deposit Insurance Corp. said it might temporarily extend a program guaranteeing accounts that don’t pay interest as it moves to maintain confidence in the banking system while weaning banks from government aid.
The FDIC board voted to seek comment on a six-month extension of the program, which protects non-interest-paying accounts exceeding the $250,000 insurance limit. The move would extend the safeguard, introduced in October, through June 2010.
