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Two small Florida banks and one Oregon bank were closed today by regulators. That makes a total of 72 bank failures this year. These closures were similar to most of this year's closures. The FDIC...
One of my readers was kind enough to email me his experience with a certificate of deposit that recently matured. It's a good lesson for all those who have CDs.
Two banks failed this Friday. The first failure was Cape Fear Bank in North Carolina, and the second one was New Frontier Bank in Colorado. The New Frontier Bank closure was actually a little more...
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion...
Most people assume that their bank is FDIC insured. FDIC insurance guarantees the return of principal to the depositor in the event that the bank which holds the deposits goes under. Check out this...
Most individuals have money in regular checking accounts which they use for their regular day to day expenses and deposits. The main issue with these regular checking accounts at banks is that they...