The FDIC's Deposit Insurance Fund was established under the Glass-Steagall Act in 1933 to safeguard customer deposits in the event of an FDIC-insured bank's failure. WASHINGTON — The Federal Deposit ...

The Federal Deposit Insurance Corporation (FDIC) was established in 1933 during the Great Depression. By insuring bank deposits, the government tries to promote stability in the financial system ...

The Council today agreed on a negotiating mandate on the review of the crisis management and deposit insurance (CMDI) framework for banks. The review includes a comprehensive set of measures designed ...

The US government's Deposit Insurance Fund is expected to reach its legal target ratio of 1.35% by the end of 2025, about three years ahead of schedule. The fund's balance stood at $137.1 billion ...

Jan 12 (Reuters) - Bank of America's (BAC.N), opens new tab fourth-quarter profit shrank as the lender took $2.1 billion in charges to refill a government deposit insurance fund The second-largest ...

The Council and the European Parliament reached a political agreement today to put in place a reformed crisis management and deposit insurance (CMDI) framework for banks in the EU. The reform improves ...

South Africa's central bank and government launched a deposit insurance fund on Thursday that will protect individual customer cash deposits up to 100,000 rand ($5,267) from any bank failure.