The Latest Breaking News from FDIC

One bends, the other could break if you need fast access to your cash.

What happens after a bank fails? In most cases, it is placed under receivership by a state or government authority, like the Federal Deposit Insurance Corp (FDIC). The failed entity literally needs someone to manage, restructure and, in the event of bankruptcy, liquidate its assets and property. ...

The number of savings accounts you should have depends on your specific financial goals. Opening several savings accounts can help you organize your cash among these savings goals.

The cash-stuffing method of budgeting has revived the popularity of an old concept known as the envelope system

Money-market-fund yields now run to almost 5%, and three-year CDs can yield 5.45%.

Stocks edge lower, Treasury yields hold gains with inflation in focus; Week Ahead: June cpi data, JP:Morgan earnings highlight; SVB Financial sues FDIC over $1.9 billion deposit seizure; Alibaba edges lower as group mulls Ant Financial buyback offer and President Biden to meet Prime Minister, King Charles, in U.K. Visit.

Federal Deposit Insurance Corporation accused in lawsuit of violating US bankruptcy law.

Explanation of the different types of savings accounts.

Customers can find a number of checking and saving options to help manage and grow their money.

In America, size matters. But bigger isn’t always better when it comes to its businesses. Sometimes a company grows so large and becomes such an integral part of an economy that when it’s in distress, the risk of losing it outweighs the cost of supplying emergency resources to help keep…

The markets were generally pleased with the release of the Fed’s annual bank stress tests late Wednesday. All of the 23 large banks easily passed their respective stress tests. However, the stress tests were conducted only on the largest U.S. banks, and not on mid-sized and smaller U.S. banks. Fed...