FDIC programme tweaks

Author: | Published: 1 Mar 2009

Banks are clamouring for a broader loan guarantee through the Temporary Liquidity Guarantee Programme (TLGP).

Since enacting a final programme that offers three-year guarantees to new senior unsecured debt on November 21 2008, the Federal Deposit Insurance Corporation (FDIC) has faced pressure to extend the programme's capabilities.

"The programme has certainly been a success in terms of usage," said Ernie Patrikis, partner at White & Case in New...