Tag: deposits

WASHINGTON, DC - JUNE 6: The Federal Deposit Insurance Corporation (FDIC) entrance, located across from the Eisenhower Executive Office Building, is seen on June 6, 2017 in Washington, DC The nation's capital, the sixth largest region metropolitan area in the country, attracts millions of visitors to its historic sites every year, including thousands of schoolchildren during the month of June.  (Photo by George Rose/Getty Images)
Posted in Business

Fintechs capitalize on considerations over FDIC restricted insurance coverage for deposits

Some fintechs are rolling out extra insurance coverage on their deposit accounts to supply larger peace of…

Igor Fayermark, right, of the Federal Deposit Insurance Corporation (FDIC), leaves the headquarters of Silicon Valley Bank in Santa Clara, Calif., Monday, March 13, 2023. The federal government intervened on Sunday to secure funds allowing depositors to withdraw from Silicon Valley Bank after the bank's collapse.  Dozens of people lined up outside the bank to withdraw funds.  (AP Photo/Benjamin Fanjoy)
Posted in Business

Why insuring all financial institution deposits would possibly make sense

When you purchase a home with a mortgage, you want house insurance coverage. Not on one a…