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CATEGORY: guarantee all deposits

Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 20, 2023 05:50

Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails

The Mid-Size Bank Coalition of America has asked federal regulators to extend FDIC insurance to cover all deposits for the next two years. “Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures,” the group claimed. “It is imperative we restore [...]

The post Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails appeared first on Crypto Breaking News.

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US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 20, 2023 05:50

US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks

A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not do this, there will be a run on smaller banks. “This is a contagion that could be spread across the entire banking system,” [...]

The post US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks appeared first on Crypto Breaking News.

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