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This was another busy Friday for the FDIC with five bank failures. As has been common this year, the FDIC arranged for other banks to acquire the failed banks and to assume all deposits even those...
If you've ever wondered about those CDs advertised in newspapers with very high rates, this FDIC press release should interest you. These ads typically list CD rates several percentage points above...
GMAC Bank has changed its name to Ally Bank with a new website at Ally.com. With all the bad press related to GM and GMAC, I guess the bank decided it needed to separate itself from GMAC. However,...