The bank failed about a month later, on April 26, costing FDIC's Deposit Insurance Fund $667 million. Furthermore, in the six months between October 2023, when the consent order and the composite-5 ...

Separately, the unbanked proportion of U.S. households dropped to 4.2% last year, the regulator said in its biennial survey.

When you open a checking or savings account with a neobank, a larger bank usually holds your money behind the scenes. That’s ...

American households that rely on services like check cashing and payday loans are more likely to hold cryptocurrencies, ...

Despite the Federal Reserve cutting interest rates last week, the nation's best high-yield savings accounts still include ...

American households considered "underbanked" -- or who rely on services like check cashing and payday loans to meet their ...

Of American households with bank accounts ... from the Federal Deposit Insurance Corp. Combined with those who prefer a ...

A few banks fail each year, which is why the federal government has systems in place to protect your deposit. All deposits up to $250,000 are insured by the FDIC, which means that you are guaranteed ...

Cassidy Horton is a finance writer covering banking, life insurance and business loans ... including a mix of traditional brick-and-mortar banks, online banks and credit unions.

Though some savings accounts have lowered rates after yesterday's Fed move, the nation's best high-yield option is holding at ...