Roosevelt told the U.S. public on March 12, 1933, in his very first "Fireside Chat." Fast-forward 90 years, and the current president and the FDIC are again working to convince citizens and ...

Recognizing the need to protect bank depositors, President Franklin Roosevelt signed the Banking Act of 1933 (aka the Glass-Steagall Act) into law, creating the FDIC. Funded not by taxpayers ...

FDIC insurance is designed to keep account holders ... of "assuring solvency," said an adviser to President Franklin D.

President Franklin Roosevelt signed the Banking Act of 1933 on June 16 of that year, creating the independent agency. If your bank closes, FDIC insurance covers the principal and any accrued ...

When and why was the FDIC founded? The FDIC was established by Congress in 1933 and signed into law by then-President Franklin Delano Roosevelt. The FDIC is known for monitoring the financial ...

The FDIC insures up to $250,000 per depositor, per insured bank on specific account types. If your bank folds, the FDIC will return insured money back to you. Whenever a bank fails, anyone with ...

As part of the shift, FDIC Acting Chair Travis Hill said the agency is eliminating the need for banks to include hypothetical failure scenarios and bridge bank strategies in their next round of ...

When Catherine Bell put her money into Yotta, a fintech that promised savers a chance to win money just by saving more in its FDIC-insured accounts, it seemed like a no-brainer. The Federal ...

FDIC seeks billions of dollars in damages Officials faulted for 'egregious mismanagement' Bank's demise sparked fears of banking crisis Jan 16 (Reuters) - The FDIC on Thursday sued 17 former ...