Berkshire Hathaway refuses to insure lodgments over 100 thousand dollars
The division of company Berkshire Hathaway - Kansas Bankers Surety (KBS) - has declared about the termination of insurance of the American bank deposits over the volumes, guaranteed by the government.
KBS - the affiliated structure of the company - has informed more than one and a half thousand banks of the USA that it will not offer the program of deposits guarantee any more.
The Wall Street Journal writes that Berkshire Hathaway’s decision may be connected with a situation in USA bank sector. So, from the beginning of year 11 regional banks have already gone bankrupt.
KBS has had in loss after Columbian Bank and Trus was ruined. As The Wall Street Journal marks, such decision will affect financial system of the USA.
The attention for the first time has been involved in a safety issue of lodgments after Californian IndyMac bankruptcy. Deposits in this bank, which bankruptcy became the largest during the crisis, have made nearby 19 billion dollars, and, according to FDIC, almost 95% of them were lodgments in volume of less than 100 thousand dollars, payments on which have laid down on the state insurer. In the end of August FDIC has already informed, that the number of problem American banks has grown on 30 % - from 90 up to 117.