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The Federal Deposit Insurance Corporation (FDIC) insures deposits of up to $250,000 per person, per ownership category, per ...
FDIC insurance is automatically applied to any FDIC-eligible account. Each depositor is covered for $250,000 worth of deposits per depositor, per FDIC-insured bank, and per ownership category.
In the long term, branches will continue to exist, but specific aspects of the banking experience will evolve.
The US Senate is getting ready to pass the GENIUS Act, a bill that will finally set legal rules for how stablecoins are ...
FDIC-insured depository institutions reported a return on assets (ROA) ratio of 1.16% and aggregate net income of $70.6 billion, an increase of $3.8 billion (5.8%) from the prior quarter. An increase ...