PHILADELPHIA (CBS/AP) -- Philadelphia-based Republic First Bank was closed by state regulators Friday night and its assets were given to the Federal Deposit Insurance Corp., FDIC announced in a news ...

The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks. Today, during a time of ...

(Reuters) — The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that ...

Simply put, Federal Deposit Insurance Corporation insurance protects your money if your bank fails. Safeguarding your deposits is always important, but it’s particularly crucial during times of ...