By Martha Chikoti The Deposit Insurance Corporation (DIC) is playing a crucial role in protecting depositors’ funds and ...

If you deposit $250,000, and it earns $4,000 in interest, you are insured for only $250,000 if your bank fails. If you deposit $245,000 and accrue $5,000 in interest, you are insured for the ...

Back in 2017, the FDIC accused Bank of America of refusing to pay over $500 million in assessments — a figure it later expanded to $1.12 billion — alleging that the banking giant failed to ...

NEW YORK (AP) — A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory ...

In the wake of Silicon Valley Bank's collapse, some accounts have begun to offer up to $3 million of FDIC insurance coverage. 3 Accounts That Insure Excess Deposits ...

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 .

The RBI’s subsidiary, Deposit Insurance and Credit Guarantee Corporation, offers an insurance cover of up to Rs 5 lakh for retail depositors of failed banks.

A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for ...