By Wesley Brown Following the near collapse of the U.S. housing market and the financial crisis of 2008–09 that triggered the Great Recession, merger and acquisition (M&A) activity in the banking sector surged after a record number of banks insured by the Federal Deposit Insurance Corporation (FDIC) failed between 2008 and 2013. A June 9 […]
Tag: Federal Deposit Insurance Corporation (FDIC)
The Federal Deposit Insurance Corporation is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system.
