EU seeks to double deposit insurance limit

EU seeks to double deposit insurance limit

BRUSSELS - (AP) The European Commission proposed Monday to double protection for bank account holders across the 27 EU nations guaranteeing them a maximum payout of (EURO)100,000 ($125,700), paid within seven days if their banks fold.

It also proposed more compensation for investors to a maximum of (EURO)50,000 ($62,900), up from (EURO)20,000 ($25,000) if their ...

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