When a bank fails, the Federal Deposit Insurance Corp. tends to act quickly to protect customers’ money and arrange for a healthy bank to buy the failed one. This process happened most recently on May ...

An Illinois regulator closed Metropolitan Capital Bank & Trust on Friday, and the FDIC sold the majority of its assets to Detroit-based First Independence Bank.

The FDIC was established in 1933 to protect deposit accounts in the event of a bank failure. FDIC-insured accounts are covered for up to $250,000 per depositor, per ownership category at an insured ...

A: If your federally insured bank fails, the Federal Deposit Insurance Corporation seeks to keep your money safe. Specifically, the FDIC insures up to $250,000 per depositor, per institution, which ...

Once a savings account crosses $250,000, the number on the screen stops being just a milestone and starts to determine how ...

Joseph Brooks of the FDIC Legal Division argued during a Tuesday hearing that only the FDIC could bring the claims asserted by Kessler Topaz Meltzer & Check and Bernstein Litowitz Berger & ...

If a bank goes bankrupt, your loans will not be affected and your funds will be protected by the FDIC. If a lender collapses, your loan may be transferred to another institution, but you are still ...

If your savings balance tops $250,000, some of your money may not be protected. Here's how FDIC limits work, and what to do next.