This information was shared in the annual report of the Barbados Deposit Insurance Corporation (BDIC), which provides coverage for billions of dollars deposited in accounts at commercial banks and ...

Uganda’s Deposit Protection Fund (DPF) has warned that raising the deposit insurance limit above Shs10 million could encourage fraud and reckless behavior in the country’s banking sector.

The PMC Bank crisis served as a wake-up call, leading to the government’s decision in 2020 to increase the deposit insurance coverage from Rs 1 lakh to Rs 5 lakh. Despite this, the New India ...

Bank deposit insurance is a foundational safety net designed to protect depositors—the primary providers of capital to banks. It plays a crucial role in maintaining public trust and ensuring ...

A US court directed Bank of America to pay $540.3 million to the Federal Deposit Insurance Corporation. This order was regarding underpaid deposit insurance assessments. The dispute was about ...

Bank of America claimed its company's intent was not to avoid any payments to the Federal Deposit Insurance Corporation. Bank of America faces a $540 million bill after a federal judge ordered the ...

Paul J. Davies is a Bloomberg Opinion columnist covering banking and finance. Previously, he was a reporter for the Wall Street Journal and the Financial Times. Devotees of Project 2025, the ...

PALM BEACH, Fla.--(BUSINESS WIRE)--Blockchain Deposit Insurance Corporation (BDIC), the world’s first decentralized cryptocurrency insurer, has announced the launch of its groundbreaking ...

The note then identifies potential conflicts of interest among resolution authorities, deposit insurance systems, other safety net participants such as central banks and supervisory agencies, and the ...

Before you open an account at a bank or credit union, it’s wise to verify that the institution offers deposit insurance. Worried about whether your cash is safe at your bank? You’re not alone.

A 2017 report by The Heritage Foundation, which put forward the Project 2025 initiative, did suggest that, eventually, "government-provided deposit insurance should be phased out fully." ...

But like any other entity, banks can fall on tough times. According to the Federal Deposit Insurance Corporation, two banks have failed so far this year and five failed in 2023. So how can you ...