As More Banks Fail, FDIC Widens Search For Potential BuyersBinyamin Appelbaum
released a statement today, along with the materials of the quarterly report by the FDIC on the FDIC-insured banks, that the FDIC would no longer disclose as of today the total assets on its “Problem Bank List.”
Depositors who place funds in a bank through a money broker face the loss of their insured deposits if the bank fails and fraud is suspected as a cause of the failure, the chairman of the Federal Deposit Insurance Corp. warned on Monday.Fraust, Bart...
Can the FDIC fail? The FDIC has been around for nearly 100 years,and the agency notes: “Since FDIC insurance began in 1934, no depositor has lost a single penny of insured funds due to bank failure.” However, the FDIC does not have access to unlimited funds. If enough banks were to...
FDIC’s Failed Bank List Indy Mac entersthe chartwith a bullet:
I wonder how the list will look in a year? As an individual, there is no reason to exceed the FDIC insurance limits.. FDIC insurance provides great peace of mind. Don’t waste it. Got anywhere close to $250,000 in a single bank account?Know that the FDIC insurance coverage limit appl...
SVB and First Republic showed the regulators how fast a bank can fail in the modern age of technology. All banks and credit unions have a certain percentage of their accounts that are uninsured. SVB and First Republic Bank failures have sent very clear messages accross the banking system. FIC...
TAGS: bailouts, banking, banks, FDIC, too big to fail Jul 13 2011 A brave new banking system – while public is told banking system is healthy FDIC quietly grows troubled bank list by 180 and adds over 1,600 employees in the last two years to deal with bank failures. Posted by...
Today, Ernie Banks was at the White House being awarded the Presidential Medal of Freedom by President Barack Obama. It is the highest civilian honor that this country bestows, and this year was the 50th anniversary of the award,... (Continue reading) Tagged with: #erniebanks #presidentialme...
use a bank that is not FDIC-insured. Although rare, they do exist, and they are often backed by something else. The Bank of North Dakota, for instance, is backed by the state of North Dakota. Foreign banks are not backed by the FDIC, but their country may have a similar institution....