deposit insurance coverage

According to reports, the Federal Deposit Insurance Corporation of the United States stated that the Office of First Republic Bank will reopen as a branch of JPMorgan Chase, and 84

According to reports, the United States Medium Banking Association (MBCA) has requested federal regulators to extend insurance coverage for all deposits within the next two years. Interpretation of this information: The recent news reveals that the United States Medium Banking Association (MBCA) has urged the federal regulators to increase the duration of insurance coverage for all deposits to cover potential losses. The MBCA represents medium-sized banks across the United States, and its request for an extension in coverage aims to provide protection to depositors if institutions fail due to any…