The Federal Deposit Insurance Corporation is asking Congress for a $500 billion line of credit with the U.S.
Treasury. This enormous new request could signal a change in strategy in the banking bailout. Steve Henn reports.
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The best Internet bank money market, certificate of deposit and savings account rates are decreasing thanks to new Federal Deposit Insurance Corporation rate calculation rules for...
Georgia bank is 95th to fail this year
Atlanta-based Georgian Bank was closed by state regulators Friday, according to the Federal Deposit Insurance Corporation, becoming the 95th to fail in the nation this year.
Bank failure tally tops 82
Bradford Bank was closed by federal regulators Friday, bringing the total number of failed banks this year to 82, the Federal Deposit Insurance Corporation said.
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