Category: Banking

Current Fed Interest Rates 2023

November 29th, 2023
As of now, the current Fed interest rate is 5.25% to 5.5%. This is a 22-year high. The Federal Reserve kept the target range unchanged in its September 2023 meeting. However, the Fed signaled that there could be another hike …Read more  »

Bank of America Fined $12 Million for Misleading Mortgage Data

November 29th, 2023
The Consumer Financial Protection Bureau (CFPB) has imposed a hefty fine of $12 million on Bank of America for misleading mortgage lending data reported to the federal government. The fine comes as a consequence of the bank's violation of the …Read more  »

Which Banks Are in Danger of Failing or Collapse?

November 27th, 2023
Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure or collapse due to rising interest rates and a high proportion of uninsured deposits. The report titled …Read more  »

Recent Bank Failures in 2023

November 27th, 2023
  The year 2023 has been marked by a series of bank failures, leaving many to wonder what the impact of these failures will be on the housing market and the wider economy. Bank failures have been a common occurrence …Read more  »

List of Failed Banks in the United States 2023 [Recent]

November 27th, 2023
In this blog post, we will be reviewing the list of failed banks in the United States. It's never good news when we hear about a bank failure, and unfortunately, there have been quite a few in the United States over …Read more  »

Is My Money Safe in the Bank in 2023?

November 21st, 2023
Is my money safe in the bank in 2023? 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  »

Is Bank of America Safe From Collapse or Trouble?

November 14th, 2023
The safety of banks from collapse has always been a concern for customers, investors, and regulators. Given recent bank failures, such as SVB and Signature Bank, many people are wondering about the safety of their money in banks, especially Bank …Read more  »

List of FDIC-Insured Banks in 2023: Is Your Bank Insured?

November 13th, 2023
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  »

Fifth Bank Failure in 2023: Closure of Citizens Bank

November 10th, 2023
If you are a customer of Citizens Bank in Sac City, Iowa, you may have been surprised to find out that your bank was closed by the regulators on November 3, 2023. This marked the fifth bank failure in the …Read more  »
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