This WSJ article has an interesting look at the behind the scenes operation of the FDIC during last Friday's closure of First Integrity Bank (the fourth bank to fail this year). The FDIC allowed a...
Article | Submitted Jun 5, 2008 | Views: 46 | Comments: 0
Tags: banks, fdic, bank closures
A depositor describes his experience at ANB Financial Bank after it was closed by the Fed on Friday. There are some good lessons learned for those who deposit over $100,000 into a bank account. You...
Per the Marketwatch site:
"The Federal Deposit Insurance Corp. is planning to beef up its division of resolutions and receiverships, which handles failed banks, by 40% this year. The division...
Article | Submitted Mar 3, 2008 | Views: 123 | Comments: 0
Tags: fdic, bank failures
Did you know that IRAs can hold CDs (Certificates of Deposit)? If you are nearing retirement and are tired of fretting over your nest egg, your best and safest return may be with a federally...
If you've been taking advantage of UFB Direct's high yield online savings account, you may be surprised to find out that your deposits might be held by Countrywide Bank. This could be a major issue...
NetBank is the biggest failure since the June 1993 failure of Western FSB in California. One business had $900K in deposits over the FDIC insured limit at NetBank. But all is not lost. They may be...
If you are using a Payable-on-Death (POD) account to extend FDIC insurance limits above $100,000, make sure you confirm that the POD is set up correctly with your bank. A reader just left me a...
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