Latest deposit insurance Stories
AAA partnership with Discover Bank gains further momentum as consumers seek safety and higher than average rates ORLANDO, Fla., Aug.
A financial regulation bill being written by U.S. Sen. Chris Dodd, D-Conn., differs from ideas backed by the White House, the senator says. Dodd's bill, which is expected to play the same role in the effort to place tighter controls on Wall Street as the bill crafted by Sen.
The number of U.S. banks shut to date in 2009 is triple the number that failed in 2008, government regulators said. Most of the banks that failed this year are small, regional banks that fell victim to losses on real estate and consumer loans when unemployment surged to a 25-year high.
The safety net for U.S. bank depositors dropped 20 percent in the second quarter, the Federal Deposit Insurance Co. said Thursday. The bank's insurance fund fell to $10.4 billion from $13 billion, the FDIC said.
The U.S. Federal Deposit Insurance Corp.
In the current economy, moving your money to a different bank may seem like a stellar idea. Since many banks on Earth are floundering, why not transfer to an alien bank?
A former federal bank examiner in New York said Friday that mainstream banks were being punished for mistakes made on Wall Street. Mainstream banks, which is what the 5,000 banks like us call ourselves, continue to be pummeled for the sins of Wall Street, Cattaraugus County Bank President Salvatore Marranca said, Business First of Buffalo reported. Marranca is outraged that the Federal Deposit Insurance Corp.
- A hairdresser.