NEW YORK, March 19- The Mid-Sized Banking Consortium of America (MBCA) is asking the federal government to insure all customer deposits for two years, including any that exceed their current protection limit. After the emergence of 3 banks in the United States have been closed.
Bloomberg news agency quoted MBCA’s letter to the authorities as saying Such measures will immediately stop deposits from flowing out of medium-sized banks. helps to stabilize the banking sector And greatly reducing the chances of having a bank close down. Because almost all banks trust. except for big banks already shaken Although the overall situation in the banking sector remains healthy and safe, Ask the Federal Deposit Protection Agency (FDIC), the Federal Reserve (Fed) and Treasury Secretary Janet Yellen to immediately restore confidence. The MBCA asks the government to protect all deposits of mid-sized bank customers. Including deposits that exceed the maximum protection limit of US $ 250,000 (approximately 8.5 million baht), with mid-sized banks increasing the amount of insurance already paid to the FDIC to protect customer deposits.
The market is looking at The next US bank to close is First Republic Bank, next to Silvergate Bank, which closed March 8, Silicon Valley Bank (SVB) on March 11, and Signature Bank on March 11. March 12 First Republic Bank is headquartered in San Francisco. It is the 14th largest in the United States. Most of its customers are high-income earners. But its share price has tumbled 80 percent in the past week. 11 major US banks pledged on Thursday that All 30 billion US dollars (about 1 trillion baht) will be deposited with the First Republic to help restore confidence in the country’s banking sector.- Thai News Agency
Source: Thai News Agency