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Bookmark or Share- Some Banks Are Underreporting Uninsured Deposits, FDIC Says - InvestopediaThe FDIC has called out banks for not properly reporting their uninsured deposits by excluding those backed by collateral. Uninsured deposits are those that exceed the FDIC's $250,000...
- US banks with the highest proportion of uninsured deposits - MoneyWiseA list of the top U.S. banks by proportion of uninsured deposits has been published by S&P Global, using data about banks that had at least $50 billion in assets by year-end 2022. Unsurprisingly, SVB was the bank with the most uninsured domestic deposits at 93.8% or $151.6 billion.
- Joint Statement by Treasury, Federal Reserve, and FDICShareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
- Here’s why some people keep uninsured money in their bank - CNNRecent troubles at mid-sized banks across the US have boiled down to one core issue: Uninsured depositors, afraid of losing everything, take their money and run at the first sign of trouble.
- Report: 10 Banks Are Most Exposed To Uninsured DepositsLarge U.S. banks held $7.9 trillion in uninsured deposits at the end of 2022, up nearly 41% from 2019, S&P Global Market Intelligence found. The level in 2022 eased from 2021 as people found...
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