Merger mania is endangering the insurance funds, and politics is preventing a rational solution, Federal Deposit Insurance Corp. Chairman Donna A. Tanoue said Wednesday.

In a speech to the Exchequer Club, Ms. Tanoue said combining the Bank Insurance Fund and the Savings Association Insurance Fund would make them bigger, less concentrated geographically, and safer.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.