48 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 8 comments share 8 comments share save hide report block hide replies
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.