OKCoin must scrub misleading statements that suggest its customers’ accounts are protected by the U.S. Federal Deposit Insurance Corp. (FDIC), the U.S. banking regulator ordered late Thursday ...

Over 170 FDIC employees were fired this month, with another 500 accepting deferred resignations. Additionally, 200 job offers for bank examiners—who monitor financial institutions for risks ...

Cash App, Venmo, and Chime don’t have fees. But they don’t have FDIC insurance either.

FDIC officials say customers with accounts that are in excess of $250,000 should contact the FDIC and set up an appointment discussing their deposits at 1-866-314-1744. More Local News ...

FDIC is insurance provided by the federal government that protects deposits in U.S. banks up to $250,000. Here’s how it works.

When it was established in 1933, some 4,000 banks had closed in the first few months alone. The FDIC is relying on one of its main tools — deposit insurance — to prevent more banks from failing.

Most CDs sold by FDIC-member banks are insured up to $250,000 per depositor, per FDIC-insured bank, per ownership category. The coverage is automatic and free, and there are no fees or forms to ...

FDIC bank failures. FDIC-bank failures are rare. SVB is the first bank to fail since 2020. That should be "a wake-up call for people to always make sure their money is at an FDIC-insured bank and ...

The FDIC has issued final regulations that, as of April 1, 2024, will change how bank accounts held in the name of a trust will be insured. This rule change treats both revocable and irrevocable ...