Category: Banking

10 Ways to Insure Deposits Beyond the FDIC Limit of $250,000

May 14th, 2024
The Federal Deposit Insurance Corporation (FDIC) provides a safety net for depositors in the United States, insuring up to $250,000 per depositor, per bank, for each account ownership category. But what happens when your deposits exceed this limit? In a …Read more  »

List of FDIC-Insured Banks in 2024: Is Your Bank Insured?

May 14th, 2024
When it comes to keeping your hard-earned money safe, one of the most important factors to consider is the financial institution where you choose to deposit it. This is where the Federal Deposit Insurance Corporation (FDIC) comes in. The FDIC …Read more  »

Recent Bank Failures in 2023 and 2024: Causes & Effects

May 9th, 2024
The banking sector in the United States has witnessed a series of bank failures from 2023 to 2024, events that have stirred discussions and concerns among investors, customers, and regulators alike. This blog post aims to provide an informational overview …Read more  »

Nearly 300 Banks Face Risk of Failure in the Future: Is Yours Safe?

May 8th, 2024
The banking sector is the backbone of any economy, providing the necessary financial services to individuals and businesses alike. However, recent reports from a finance expert at Florida Atlantic University (FAU) have raised concerns about the stability of this crucial …Read more  »

Fed Keeps Rates High: Current Interest Rate at 5.25% to 5.50%

May 6th, 2024
The Federal Reserve, the central banking system of the United States, has a significant impact on the economy through its monetary policy decisions, particularly the setting of the federal funds rate. As of May 2024, the Federal Reserve has maintained …Read more  »

282 Banks Face Potential Failure: Is Your Bank Safe?

May 3rd, 2024
The financial stability of a nation's banking system is crucial for economic growth and the well-being of its citizens. Recently, a report from a major consulting firm, Klaros Group, has brought to light that approximately 7% of U.S. banks are …Read more  »

Bank Failures on the Horizon: Powell Warns of Risks in Real Estate

May 2nd, 2024
Powell Warns of Bank Failures The stability of the banking sector is a critical component of the global financial system, and recent statements from the Federal Reserve (Fed) have highlighted concerns about potential bank failures. Federal Reserve Chair Jerome Powell, …Read more  »

Is My Money Safe in the Bank in 2024?

April 28th, 2024
Is my money safe in the bank in 2024? In recent times, people have become increasingly concerned about the safety of their money, especially after the collapse of financial institutions such as the Silicon Valley Bank (SVB). If you are …Read more  »

Republic First Bank Collapse: The First Bank Failure of 2024

April 28th, 2024
The banking sector is often seen as a barometer for the broader economy, and the closure of a bank can send ripples through the financial community. In 2024, the United States witnessed its first bank failure of the year with …Read more  »
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