A proposal to prevent/stop a bank-run on midsize US banks.
A coalition of midsize US banks asked regulators to extend FDIC insurance to all deposits for the next two years https://www.bloomberg.com/news/articles/2023-03-18/midsize-us-banks-ask-fdic-to-insure-all-deposits-for-two-years?utm_source=website&utm_medium=share&utm_campaign=twitter via @markets
A coalition of midsize US banks asked regulators to extend FDIC insurance to all deposits for the next two years https://www.bloomberg.com/news/articles/2023-03-18/midsize-us-banks-ask-fdic-to-insure-all-deposits-for-two-years?utm_source=website&utm_medium=share&utm_campaign=twitter via @markets
Bloomberg.com
Midsize US Banks Ask FDIC to Insure Deposits for Two Years
A coalition of midsize US 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 run on the banks.