Posts Tagged “Deposit Insurance Fund”

News Sources wrote an interesting post today on
Here’s a quick excerpt
The FDIC is considering tapping its emergency line of credit with the Treasury. FDIC Chair Sheila Bair recently hinted after a speech at Georgetown University that all options are on the table when it comes time to replenish the dwindling Deposit Insurance Fund. We’ll find out more in the next few weeks after the FDIC board of directors meets. Stock market bulls aren’t concerned about the inevitable acceleration in bank failures — at least for now. Even though deposits will be insured against

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News Sources wrote an interesting post today on
Here’s a quick excerpt
WASHINGTON (Reuters) - U.S. regulators closed three small banks on Friday, bringing the number of bank failures to 40 so far this year as the recession and delinquent loans erode the health of financial institutions. The largest of the banks closed on Friday was Cooperative Bank of Wilmington, North Carolina with $970 million in assets and $774 million in deposits, the Federal Deposit Insurance Corp said. The failure is expected to cost the FDIC deposit insurance fund an estimated $217 milli

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