Wednesday, April 7, 2010 as of 11:14 AM ET
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, up to $250,000 per depositor per bank as of January 2012. , the FDIC insured deposits at 7,723 institutions.
Read More at Wikipedia ›WL Ross & Co. CEO Wilbur Ross on why it is easier to do business in Europe because of mounting regulations in the U.S.
J.P. Morgan Chase & Co. (JPM) plans to sell $159.5 million of commercial mortgage-backed securities supported by distressed hotel loans next week in the second deal ...
Lessons for Yield ChasersLet's face it: It's not a friendly financial environment for anyone looking to earn income from liquid accounts. With the federal funds rate...
FBN's Liz MacDonald on the FDIC suing the country's biggest banks over misleading mortgage-backed securities.
A top. U.S. banking regulator Tuesday said his agency could handle the failures of large, complex banks including J.P. Morgan Chase & Co. (JPM), the nation's largest...
Europe needs an insurance plan for bank deposits that goes beyond national borders to head off bank runs fueled by fears of a change in currency, University of Chica...
Federal regulators shut the Alabama Trust Bank in Sylacauga, Ala., the Federal Deposit Insurance Corp. said late Friday. Closure of the single-branch bank marks the ...
Derivatives regulation currently being drafted by regulators and a tougher Volcker rule will be enough to prevent other banks from suffering losses similar to J.P. M...
The Plus Side of Prepaid CardsDon't believe everything you hear when it comes to prepaid cards. Taking advantage of customer outrage over new monthly fees at some of...
Rep. David Schweikert, (R-Ariz.), on J.P. Morgan’s losses sparking calls to increase regulations on banks.
Rep. Darrell Issa, (R-Calif.), on calls to investigate the bank’s losses and if J.P. Morgan CEO Jamie Dimon should testify before a Congressional Hearing.
Greg McBride, Bankrate.com’s senior financial analyst, on why investors should look at putting their money in online savings accounts
The head of the Federal Deposit Insurance Corp. on Thursday made the case that his agency is up to the task of handling the failure of a major financial firm, provid...
FBN’s Nicole Petallides breaks down the day in the markets.
FBN's Cheryl Casone breaks down mid-afternoon market news.
FBN's Liz MacDonald on the CFPB targeting banks on prepaid debit card fees and unauthorized transactions.
U.S. banks reported their highest quarterly profit since mid-2007 for the first quarter, while overall lending activity decreased for the first time in four quarters...
Bank profits rose in the first quarter of 2012, reaching their highest quarterly levels since the second quarter of 2007, according to the Federal Deposit Insurance ...
Reloadable prepaid payment cards may soon have the same safeguards against fraud, hidden fees and losses that currently protect debit card users from abuses.The fed...
The latest wrinkle in the Greek financial crisis is a rush by its citizens to withdraw their savings from banks. This is both a symptom of the fear that Greece might...
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