By Naveen Athrappully Uninsured deposits at American banks fell by almost $600 billion in the first quarter of 2023, continuing the trend of declining deposits that began last year, suggesting a fall in depositors’ confidence in the banking system. “US banks’ uninsured deposits have fallen since the first quarter of 2022, by both the dollar […]
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.