A coalition of midsize U.S. banks is calling on the government to insure all deposits for the next two years, in the wake of Silicon Valley Bank's emergency rescue that insured all of the firm's deposits regardless of size.
A coalition of midsize U.S.
The FDIC currently insures deposits up to $250,000, though the agency's decision to protect SVB and Signature depositors suggests a broader willingness to back customer funds., heightening speculation that he could provide financial support to regional banks.The MBCA sent its letter to Treasury Secretary Janet Yellen, the FDIC, the Comptroller of the Currency and the Fed, according to Bloomberg.: Whether Washington answers the growing clamor to broaden FDIC deposit protection.
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