Published 1 year ago

Midsize U.S. banks reportedly ask the FDIC to insure all deposits for two years

Summary by Ground News

A coalition of midsize U.S. banks, Mid-Size Bank Coalition of America (MBCA), has asked regulators to extend FDIC insurance to all deposits for the next two years, Bloomberg News reported on Saturday citing an MBCA letter to regulators.

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South China Morning Post

Midsize US banks ask regulator to protect all deposits as worries persist

The Mid-Size Bank Coalition of America argued the insurance is needed to avoid a wider run on lenders following the collapse of Silicon Valley Bank.

1 year ago·Hong Kong

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CNBC

Midsize U.S. banks reportedly ask the FDIC to insure all deposits for two years

A coalition of midsize U.S. banks asked regulators to extend FDIC insurance to all deposits for the next two years, Bloomberg News reported.

1 year ago·United States

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The Hill

Midsize banks asking FDIC to protect all deposits: report

Midsize banks are reportedly asking the Federal Deposit Insurance Corporation (FDIC) to insure all bank deposits over the next two years to prevent additional bank runs. That comes after the run on Silicon Valley Bank prompted large depositors to move their money from regional banks to the largest U.S. banks over fears of additional collapses. …

1 year ago·Washington, United States

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Bloomberg

Midsize US banks ask FDIC to insure deposits for 2 years

A coalition of midsize U.S. banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider

1 year ago·United States

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The Globe & Mail

Midsize U.S. banks ask FDIC to insure all deposits for two years

Banks argue in letter extending insurance will immediately stop the exodus of deposits from smaller banks

1 year ago·Canada

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GMA Filipino News

Midsize US banks ask gov't to protect all deposits —report

A coalition of midsized US banks has asked federal regulators to guarantee all of their customers' deposits for two years, even above the usual $250,000 limit, to avoid contagion after Silicon Valley Bank's collapse, Bloomberg reported Saturday.

1 year ago·Q C, Philippines

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