Key insight: Some Republicans are starting to question the cost of deposit insurance reform for business accounts. Expert quote: "The $20 million number just feels like a bludgeon," said Christpher ...

Senator John Kennedy, R-La., during a Senate Banking, Housing and Urban Affairs Committee hearing. Key insight: Republican lawmakers concluded that large banks will fight back against a bipartisan ...

The Federal Deposit Insurance Corporation (FDIC) seal is shown outside its headquarters, March 14, 2023, in Washington. (AP Photo/Manuel Balce Ceneta, File) CHICAGO (CN) — A former Illinois bank ...

The Federal Reserve must be relieved of its duties regulating the nation’s banks, Treasury Secretary Scott Bessent wrote in an essay published Friday. Bessent wrote in the Wall Street Journal that the ...

Getting the best rate as a saver has been a little more difficult since the Federal Reserve started cutting its benchmark rate toward the end of 2024. Since the beginning of 2025, Fed officials have ...

The following information was released by the Federal Deposit Insurance Corporation (FDIC): Over the past eight months, the FDIC has been working to improve its regulatory and supervisory approach ...

The clock is ticking on decades’ high CD rates, experts say. That’s because while yields are still generally higher than any other time since the Federal Deposit Insurance Corp. started publishing ...

The average rate on an interest-earning checking account is an abysmal 0.07% . “Accounts offering interest are a way for the bank to bring in more deposits or appeal to customers with larger balances, ...

Even by Donald Trump's well-established track record of making money off the presidency, he's had a banner week. On Monday, President Trump's family earned some $5 billion — at least on paper — as ...

Hilarey Gould has over a decade of journalism experience, with expertise in editing, content strategy, social media, and more. She is currently a full-time Senior Editorial Director of financial ...

The monthly interest payments you see in your savings account are actually linked to what happens when Federal Reserve officials meet eight times a year. When the Fed moves its benchmark rate up or ...