Bloomberg wrote Friday, "​Bank Failures Have Customers Seeking FDIC Protection". The article says, "As U.​S. regulators brace for more bank failures, consumers are wondering for the first time since the savings-​and-​loan crisis of the 1980s about the safety of their money." It adds, "​For those seeking insurance over the normal FDIC limits, banks in the Promontory Interfinancial Network LLC will split up a large CD among several banks to stay under the cap. The Arlington, Virginia-​based company has been offering this service, known as a certificate of deposit account registry service, or CDARS, since 2003."

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Daily Link Archive