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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: deposit insurance

deposit insurance stories: 5 news summaries

FDIC May Borrow Billions From Banks

Tapped-out deposit insurance fund
mulls reverse bailout

Sep 22, 09 6:37 AM CDT
(Newser) - After a year of government bailing out the banks, now the banks may bail out the government. Regulators are considering a plan for the FDIC, which protects bank depositors, to borrow billions from healthy banks, enabling the fund to refresh its accounts after a wave of bank failures. Banks and... More »

MORE ABOUT:
bank • FDIC • bailout • bank failure • deposit insurance • Sheila Bair • Timothy Geithner

(Newser) - Alabama's Colonial Bank has collapsed in the sixth-biggest bank failure in American history, the Wall Street Journal reports. The lender, which had assets of $25 billion and 346 branches in five southern states, was an aggressive mortgage lender in overheated markets like Florida, and its failure will cost the FDIC ... More »

MORE ABOUT:
bank • FDIC • bank failure • financial crisis • deposit insurance • TARP • Colonial Bank

ANALYSIS

FDIC May Need Its Own Bailout

Agency lacks funds to insure present level, much less proposed raise to $250K

Oct 2, 08 1:49 PM CDT
(Newser) - The Federal Deposit Insurance Corporation has quietly and effectively done its job safeguarding Americans’ money since 1933, but the financial crisis will thrust the agency into the spotlight, reports Big Money, Slate’s financial offshoot. The bailout bill increases the amount the FDIC insures, from $100,000 to $250,000,... More »

MORE ABOUT:
Congress • Treasury Department • New Deal • credit crisis • FDIC • financial crisis • deposit insurance • Sheila Bair • checking account

Raising Deposit Insurance May Save Bailout Package

Help for George Baileys could win over balky politicians

Oct 1, 08 2:13 AM CDT
(Newser) - A plan to boost deposit insurance for bank accounts is gaining traction in Washington and could help rescue the rescue package, the Wall Street Journal reports. Community bankers have been pushing hard for a hike from the current $100,000 limit to $250,000. The move, which would also ease... More »

MORE ABOUT:
bank • small business • FDIC • bailout • financial crisis • deposit insurance

Senate Will
Vote on Bailout Tomorrow

Effort to revive plan adds tax cut, raises deposit insurance

Sep 30, 08 7:54 PM CDT
(AP) - In a surprise move to resurrect President Bush's $700 billion Wall Street rescue plan, Senate leaders slated a vote on the measure for tomorrow—but added a tax cut plan already rejected by the House. The Senate plan would also raise federal deposit insurance limits to $250,000 from $100,... More »

MORE ABOUT:
Harry Reid • Mitch McConnell • bailout • financial crisis • deposit insurance

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