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

The Silicon Valley Bank headquarters in Santa Clara, California, on March 13, 2023.
Noah Berger | AFP | Getty Images

A coalition of midsize U.S. banks, Mid-Size Bank Coalition of America (MBCA), asked regulators to extend FDIC insurance to all deposits for the next two years, Bloomberg News reported on Saturday citing an MBCA letter to regulators.

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