What is the FDIC for?

October 3, 2008 · Posted in Banks · 1 Comment 

It would likely be safe to assume that almost everyone in the United States has seen the “Member FDIC” signs that are displayed at banking institutions. Even if you don’t have a bank account yourself, you have still probably seen one at least once in your lifetime thus far. The signs are as common in […]

Finance in the News: Bear Stearns

October 2, 2008 · Posted in Banks, Finance · Comments Off 

Before its recent collapse this year (2008), The Bear Stearns Companies, Inc. was one of the largest securities trading and brokerage firms and one of the largest global investment banks in the world. The main areas of business that Bear Stearns covered were the following: capital markets (fixed income, equities, investment banking), wealth management, and […]

United States Bank Failures: Is My Money Safe?

September 29, 2008 · Posted in Banks, Money · Comments Off 

With the economic crisis the United States is experiencing right now, and the growing number of bank failures and seizures because of it, you are likely concerned about your money – and rightly so. The average consumer, however, does not need to worry yet about losing what’s in their checking account. Shareholders and bondholders may […]

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