Federal Deposit Insurance stories:
Commerce Bank of Southwest Florida seized, promptly sold
Nov 21st, 2009 - MiamiHerald
Banking regulators seized Commerce Bank of Southwest Florida and sold the tiny Fort Myers bank to Central Bank, of Stillwater, Minn., marking the 124th U.S. bank to fail during 2009 and the 12th in Florida.
Small Florida bank shuttered, 124th this year
Nov 20th, 2009 - Forbes
WASHINGTON -- Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults. The Federal Deposit Insurance Corp...
Small Florida bank fails, brings year tally to 124
Nov 20th, 2009 - Reuters
WASHINGTON (Reuters) - The tally of U.S. bank failures reached 124 so far this year as regulators seized a small Florida bank on Friday. The Federal Deposit Insurance Corp said Commerce Bank of Southwest Florida...
Ex-Merrill CEO favors U.S. bailout fund
Nov 17th, 2009 - Reuters
NEW YORK (Reuters) - Breaking up the biggest U.S. banks is not a practical solution to addressing the "too big to fail" problem, Merrill Lynch's former chief executive...Feds Shut 3 Banks in Florida, Calif.
Nov 14th, 2009 - CBS News
Regulators shut down two banks in Florida and one in California on Friday, boosting to 123 the number of U.S. bank failures this year as loan defaults rise in the worst financial climate in decades. The Federal Deposit Insurance Corp...
Federal Deposit Insurance videos from YouTube:
- Buyout Firms Balk At Federal...Buyouts firms want a new rule to prevent private equity fund from slipping the investment to short term profit. (The Trade)
- Federal Deposit Insurance...The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation. It provides deposit insurance, which guarantees the safety of checking and savings deposits in member banks, currently up to $250000 per depositor per bank.
- FDIC is BROKE, Federal Deposit...Sorry, cam broke down..If you don't want bank runs the banks must start priotizing you over themselves, and bailout should benefit you over banks. FDIC looking for PRIVATE funds tinyurl.com Sponsor my camera! www.climatebabes.com
- Interview w/ Sheila Bair...Interview with Sheila C. Bair, Chair, Federal Deposit Insurance Corporation, at the 2008 'State of the Valley' Conference, San Jose, CA.
Federal Deposit Insurance from WikiPedia:
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. The FDIC insures deposits at 8,246 institutions with $13.5 trillion in assets.
New Deposit Insurance Limits - The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor. For more information visit: Deposit Insurance Simplification Fact Sheet
Insured deposits are backed by the full faith and credit of the United States. Since the start of FDIC insurance on January 1, 1934, no depositor has lost a single cent of insured funds as a result of a failure.
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