By Kevin Stocklin It has been a year since a string of U.S. regional bank failures, together with the collapse of global heavyweight Credit Suisse, caused many to fear that a major financial crisis was imminent. But, by the summer of 2023, the panicked withdrawals by frightened depositors largely subsided. In February, however, New York […]
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.