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Federal Deposit Insurance Corporation

Banks in Turmoil

Who's on the hook for money the FDIC paid uninsured depositors?

by Kimberly Adams
May 12, 2023
The agency wants the country's largest banks to split the cost of refilling its coffers. But smaller banks aren't sure they're in the clear.
After stepping in to rescue depositors after recent bank failures, the Federal Deposit Insurance Corp. wants to replenish its insurance fund. Above, the agency's logo at a First Republic Bank branch.
Patrick T. Fallon/AFP via Getty Images
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I've Always Wondered ...

You can protect more than $250,000 at a bank. But beware the “moral hazard.”

by Janet Nguyen
Mar 17, 2023
The FDIC allows coverage of different types of accounts at the same bank. There are also services that help you spread your money around.
Depositors are covered by the FDIC for up to $250,000, but there are ways to skirt the limit.
Karen Bleier/AFP via Getty Images
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Banks in Turmoil

Federal bank regulators are getting most of the attention, but states oversee banks too

by Justin Ho
Mar 14, 2023
The feds didn’t take possession of Silicon Valley Bank and Signature Bank. That was up to state regulators in California and New York.
Signature Bank and Silicon Valley Bank were state chartered, which is why state regulators stepped in first.
Spencer Platt/Getty Images
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Banks in Turmoil

Who's responsible for paying the failed banks’ depositors?

by Stephanie Hughes
Mar 14, 2023
The money’s coming from a fund run by the FDIC that derives most of its revenue from banks.
The Federal Deposit Insurance Corporation, which insures bank deposits, said it will shoulder the load of covering deposits at the failed Silicon Valley and Signature banks.
Getty Images
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Federal regulators warn banks on crypto: Be careful

by Kimberly Adams
Feb 24, 2023
Three agencies aim to keep traditional banks from getting too involved in cryptocurrency, which has lost value and seen corporate meltdowns.
Although the Federal Reserve and other agencies are not imposing new regulations on cryptocurrency, their joint statement highlights liquidity risks.
Stefani Reynolds/AFP via Getty Images
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