Stories Tagged as
FDIC
Regulators designated SVB and Signature Bank as systemic risks. But are they really?
by
Lily Jamali
Mar 13, 2023
The collapsed banks were granted a "systemic risk exception," which means the Federal Deposit Insurance Corp. can guarantee uninsured deposits.
Banks will pay the cost of SVB's collapse, and maybe that's "how it should be"
by
Kai Ryssdal
and Sean McHenry
Mar 13, 2023
As the government moved to backstop depositors affected by the collapse of Silicon Valley Bank and Signature Bank, surviving banks will end up footing the costs, says Laurie Stewart at Sound Community Bank in Seattle.
How Silicon Valley Bank failed
Mar 10, 2023
The swift and chaotic failure of SVB left CEOs and investors unable to access their money. Should we be worried about contagion?
Silicon Valley Bank is seized by U.S. after historic failure
Mar 10, 2023
The bank's failure arrived with incredible speed, with some industry analysts on Friday suggesting it was still likely a wise investment.
The proportion of "unbanked" households is lowest since 2009, FDIC finds
by
Lily Jamali
Oct 26, 2022
The government agency that supervises banking institutions defines "unbanked" households as ones where no one has a checking or savings account. Here's why there are fewer of them now.
With child tax credit payments coming, FDIC wants more people to use banks
Jul 14, 2021
A disproportionate number of Black and Latinx Americans don’t have bank accounts. Studies show they could be losing money.
FDIC says credit card balances dropped in Q1
by
Justin Ho
May 27, 2021
Sure, we're putting some purchases on credit cards, but we're still not getting out the plastic for big travel expenses.
For public good, not for profit.
FDIC campaigns to get the unbanked to open accounts
by
Justin Ho
Apr 7, 2021
Over 7 million Americans don't have bank accounts. One big incentive to opening one: direct deposit of federal relief payments.
Why commercial lending fell last quarter despite low interest rates
by
Justin Ho
Dec 2, 2020
The report found that bank lending volume fell in the most recent quarter, driven by decreases in commercial and industrial lending.
U.S. households had better bank access in 2019, FDIC says. And then the pandemic happened.
by
David Brancaccio
, Erika Beras
and Alex Schroeder
Oct 20, 2020
A higher unemployment rate and economic turmoil means the number of unbanked households could rise again.