Banks closing branches: Why it’s happening and what you should do

As bricks-and-mortar bank branches vanish across the U.S., here’s what’s driving the trend and how it reshapes access to ...
CBS News

Republic First Bank closes, first FDIC-insured bank to fail in 2024

PHILADELPHIA (CBS/AP) -- Philadelphia-based Republic First Bank was closed by state regulators Friday night and its assets were given to the Federal Deposit Insurance Corp., FDIC announced in a news ...
CNN

‘One of the dumbest ideas’: Abolishing the FDIC could backfire on Trump and his allies

The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks. Today, during a time of ...
CNN

FDIC sues 17 former Silicon Valley Bank executives over collapse

(Reuters) — The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that ...
HousingWire

FDIC settles with Arkansas bank over alleged violations, including for reverse mortgages

The Federal Deposit Insurance Corp. (FDIC) this month announced a settlement with Arkansas-based Bank of England over alleged violations of the Federal Trade Commission Act, the Real Estate Settlement ...
AOL

How to make sure your bank is FDIC-insured — and what to watch for with nonbanks

Simply put, Federal Deposit Insurance Corporation insurance protects your money if your bank fails. Safeguarding your deposits is always important, but it’s particularly crucial during times of ...
TechRepublic

How FDIC Insurance for Business Accounts Works

Learn how FDIC insurance protects business accounts, what types of accounts are covered, and the coverage limits to secure your business funds. The Federal Deposit Insurance Corporation (FDIC) ensures ...