The revised coverage will significantly increase the total value of deposits covered by deposit insurance, from around 6-14 per cent previously to 21-43 per cent across the different banking sectors.

If you deposit $245,000 and accrue $5,000 in interest, you are insured for the principal plus all your interest because it ...

The Federal Deposit Insurance Corporation is advocating for an increase in the deposit insurance limit for business payment accounts following the three recent bank failures. Currently, the FDIC ...

Currently, the Federal Deposit Insurance Corp (FDIC)guarantees deposits of up to $250,000 per person, per bank. That limit was enshrined in law by the 2010 Dodd-Frank reform law passed following ...

The Federal Deposit Insurance Corporation (FDIC), which protects insured bank deposits, may be facing changes. According to CNN, in late 2024, then-President-elect Donald Trump's allies were ...

According to a press release, U.S. District Judge Loren AliKhan’s 59-page decision resolves a long-running lawsuit filed by the Federal Deposit Insurance Corporation in 2017, which claimed Bank ...

World Bank Financial Sector Advisory Center (FinSAC) invites its clients and colleagues for its seminar on the use of Deposit Guarantee Schemes (DGS) funds and backstop funding arrangements on March 9 ...

Bank of America, with heavy presence in Charlotte, must pay for underpaying deposit insurance after a judge ruled in FDIC’s favor for assessments from 2013-2014.

MANILA, Philippines — Starting tomorrow, March 15, the new maximum deposit insurance coverage (MDIC) of P1 million per depositor per bank will take effect. The new MDIC — which was doubled ...

MANILA, Philippines — Islamic banks and banking units are now covered by the Philippine Deposit Insurance Corp. (PDIC), ensuring that depositors are protected even if these banks close or go ...