FDIC insurance covers up to $250,000 on individual deposit accounts in the event that the bank fails. That’s why many people prefer to keep their bank account balances under $250,000.

MARCY GORDON - Associated Press - 09/17/08 Sep 17, 2008 Sep 17, 2008 0 ...

The ruling comes after the Federal Deposit Insurance Corporation lawsuit accused the mega U.S. bank of failing to pay the complete amount it owed for deposit insurance. According to a press ...