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How the FDIC Protects You When Your Bank Fails | WSJ

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The Federal Deposit Insurance Corporation was created from the Banking Act of 1933 to prevent the bank runs seen during the Great Depression. With Silicon Valley and Signature Banks, the FDIC is doing what it was designed to do—cover insured deposits.

But it’s taken its promise even further, saying it will protect even the uninsured. Here’s how the FDIC works.

0:00 What is a bank run?
1:38 How FDIC insurance works
2:53 Why SVB and Signature Bank’s collapse have been uniquely challenging

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#FDIC #SVB #WSJ
Category
Television
Tags
fdic, bank run, fdic insurance
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