FDIC limits federal insurance to $250,000 per customer at an insured bank. Since your brokerage account can hold CDs from multiple banks, you can protect amounts beyond a single bank's FDIC limit.

Lisa Rowan is a former Lead Editor, Consumer Finance at Forbes Advisor. She previously served as a senior staff writer and deputy editor for the vertical. Lisa has worked as the Two Cents personal ...

Terminated employees received letters notifying them of the end of their employment with the FDIC, with a Tuesday effective date. “The FDIC finds that you have not demonstrated that your further ...

Staff at the FDIC, which monitors banks nationwide and backstops bank deposits via its insurance fund, were notified Tuesday morning of the firings. In an email seen by Reuters, staff were told ...

Key presidential advisers have let it be known that they have their eyes on the Federal Deposit Insurance Corporation (FDIC). The focus for now is the “efficiency” of this independent agency ...

The FDIC then terminated probationary employees, the outlet reported Monday, though the number of employees affected remained unclear. An FDIC spokesperson on Friday did not detail how deeply certain ...

Around 8% of FDIC workforce took deferred resignation offer FDIC already facing staff shortage of bank examiners Around 500 employees at the Federal Deposit Insurance Corp., or about 8% of its ...

"It is clearly intended to require most agencies (including the FDIC) to assess whether any specific employee is engaged in activities 'not mandated by statute or other law' and 'not typically ...

"I hope that what's been rumored is not going to come to pass. I think it would be a serious mistake to decide to get rid of the FDIC or the merging into another agency," Isaac says. This comes as ...

But that requires authority from the treasury secretary. The FDIC did just that in 2023. The Government Accountability Office found that the action paid off by reducing systemic risk. Michael Clements ...