9,062.36 TL BIST 100 BIST 100
31.18 $ USD USD
€33.71 EUR EUR
44.64 TL Interest Interest
83.62 $ Fossil Oil Fossil Oil
22.49 $ Silver Silver
3.85 $ Copper Copper
113.88 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,041.68 TL Gold (gr) Gold (gr)

In the US, medium-sized banks demanded that all their deposits be insured for 2 years

Midsize Banks Coalition of The U.S. (MBCA) has requested that Federal Deposit Insurance Corporation (FDIC) insurance be extended to cover all deposits over the next 2 years.

In the US, medium-sized banks demanded that all their deposits be insured for 2 years
MBCA, which consists of banks with assets of up to $100 billion, has sent letters to U.S. Treasury Secretary Janet Yellen, the Fed, the Office of Money Control (OCC) and the FDIC.
In its letter, MBCA asked federal regulators to extend FDIC insurance to cover all deposits over the next 2 years, arguing that this was necessary so as not to result in more deposit outflows from banks.
The MBCA also said the regulation would stabilize the banking sector and reduce the likelihood of further bank bankruptcies.
Pointing out that the banking sector is generally healthy, but trust in banks other than large banks is declining, MBCA emphasized that trust in the sector should be restored.
MBCA said the outflow of deposits would accelerate if another bank went bankrupt.
Crisis concern in the banking sector
Last week, the bankruptcy of Silicon Valley Bank (SVB), the 16th-largest bank in the United States, was one of the largest bank bankruptcies since the 2008 global financial crisis. Following the SVB, New York-based Signature Bank also went bankrupt.
The U.S. Treasury Department, the Fed and the FDIC have announced that depositors in bankrupt banks will have access to all of their money.
The difficulties of Credit Suisse, Switzerland's second-largest bank, and the difficulties experienced by the US's First Republic Bank also caused concerns about the banking crisis.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Explosion at Tosçelik granule factory

Sunday, February 25, 2024

Minister Tunç announced whether the '25 percent' limit on rents will be extended

Sunday, February 25, 2024

UAE invests $35 billion in Egypt

Sunday, February 25, 2024

The US imposes sanctions on 93 entites, including Türkiye: Here are 16 targeted companies from Türkiye

Saturday, February 24, 2024

Steel sales in Germany increased around 74 percent in January

Thursday, February 22, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now