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

The standard deposit insurance coverage limit, as offered at banks that are members of the Federal Deposit Insurance Corp. (FDIC), is $250,000 per depositor, per bank, per ownership category.

Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC The FDIC alleged the company underpaid mandatory assessments for deposit insurance.

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 ...

Here's how federal deposit insurance keeps the money in your bank accounts safe.

Aadhaar is now mandatory for new PAN cards, and you now have time till September 15 to file your income tax returns. That apart, SBI Card, HDFC Bank, and ICICI Bank have introduced a slew of changes.

The government is actively considering a hike in the deposit insurance limit for bank deposits from the present level of Rs 5 lakh within the next six months, a senior finance ministry official ...

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 ...

WASHINGTON — The Federal Deposit Insurance Corp.'s board voted to issue a proposed rule on Thursday that would levy a 0.125% special assessment fee on banks' uninsured deposits over $5 billion. The ...

The FDIC insurance limit of $250,000 includes principal and interest. If you deposit $250,000, and it earns $4,000 in interest, you are insured for only $250,000 if your bank fails.

When you open a deposit account, it's likely that it's FDIC-insured up to the standard $250,000. Here's what FDIC insurance is and how it works.