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Midsize U.S. banks reportedly ask the FDIC to insure all deposits for 2 years

News Room by News Room
Mar 18, 2023 7:08 pm EDT
in Economy
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The Silicon Valley Financial institution headquarters in Santa Clara, California, on March 13, 2023.

Noah Berger | AFP | Getty Photos

A coalition of midsize U.S. banks, Mid-Measurement Financial institution Coalition of America (MBCA), requested regulators to increase FDIC insurance coverage to all deposits for the subsequent two years, Bloomberg Information reported on Saturday citing an MBCA letter to regulators.

That is breaking information. Please test again for updates.

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