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Feds shut down another bank, this one in New York (www.cnbc.com)

posted 1 year ago by lsdQ 1 year ago by lsdQ +48 / -0

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– Island_Photo 2 points 1 year ago +2 / -0

Repeating the middle point from the CNBC article. The FDIC’s deposit insurance fund will be used to cover depositors, many of whom were uninsured due to the $250,000 guarantee on deposits.

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