US midsize banks seek FDIC Insurance on ‘all deposits’ for 2 years: Report

by Aurelia Butler 19 March 2023, 00:00 199 Views

According to a March 18 Bloomberg report, the MBCA – a coalition of mid-size U.S. banks – sent a letter to the U.S. Federal Deposit Insurance Corporation (FDIC), asserting that extending insurance on “all deposits” would “immediately halt the exodus” of deposits from smaller banks.

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US midsize banks seek FDIC Insurance on ‘all deposits’ for 2 years: Report

India’s economy grapples with high growth but few jobs

Unchecked corporate pricing power is a factor in US inflation

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