Affluent Americans may want to double-check how much of their bank deposits are protected by government-backed insurance. New rules implemented last month capped what the Federal Deposit Insurance…
Read more The FDIC change that leaves wealthy bank depositors with less protectionLow unemployment streak extends another month Low unemployment streak extends another month 02:47 Citigroup is planning to lay off 20,000 employees, or about 10% of its workforce, in…
Read more Citigroup to cut 20,000 jobs by 2026 following latest financial lossesNearly half of Americans are worried about their money in banks, survey shows – CBS News Watch CBS News New polling from Gallup shows that 48% of Americans…
Read more Nearly half of Americans are worried about their money in banks, survey showsRecent turmoil in the banking industry may have you worried about your money. Shares of PacWest, a small regional bank based in Los Angeles, plunged almost 40% Thursday…
Read more What you need to know about recent bank failures. Is your money safe?The Federal Deposit Insurance Corporation (FDIC) estimates the cost to the Deposit Insurance Fund to cover the collapse of Silicon Valley Bank is $20 billion — including $18…
Read more Covering collapse of SVB could cost $20 billion, FDIC chairman to tell CongressDuring the 2008 financial crisis, so-called too-big-to-fail banks were deemed too large and too intertwined with the U.S. economy for the government to allow them to collapse despite…
Read more Years after the housing crash, the specter ofShares of First Republic Bank continued their free-fall despite a rare move by the biggest U.S. banks to pump $30 billion into the regional lender. The company’s stock…
Read more First Republic Bank woes mount despite Wall Street rescueA subsidiary of New York Community Bancorp has entered into an agreement with U.S. regulators to purchase deposits and loans from New York-based Signature Bank, which was closed…
Read more FDIC announces agreement to sell Signature Bank assets to New York Community Bancorp
