May 29, 2009
The Treasury Department recently approved the FDIC’s request to extend the temporary deposit insurance limit of $250,000 from the end of 2009 to 2013. This move was made to add stability to the banking industry and instill more consumer confidence in our economy. Until last year, the FDIC insurance deposit limit was $100,000. However, consumer […]
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March 15, 2009
Many US banks have already failed in 2009, and economists are forecasting more bank failures before the year ends. The economic crisis has hit many banks, large and small. If you ever wanted to know what happens if your bank fails, this 60 minutes video shows how the FDIC comes in to take over banks […]
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