The FDIC was created 90 years ago to help the U.S. navigate a catastrophe that put thousands of banks out of business. Its mission is to keep panic and turbulence from collapsed institutions like ...

Banks don't fail frequently. Silicon Valley Bank was the first since 2020. Since the bank is FDIC-insured, many customers will get access to deposits.

Key takeaways The FDIC is an independent agency of the U.S. government that protects bank customers from losing their money ...

The FDIC was created 90 years ago to help the U.S. navigate a catastrophe that put thousands of banks out of business. Its mission is to keep panic and turbulence from collapsed institutions like ...

The FDIC was created by the Banking Act of 1933 as the Great Depression of the 1930s was ongoing, during which many banks failed and many Americans lost their much-needed deposits.

Eliminating the FDIC, which was created during the Great Depression nearly 100 years ago, would require authorization from Congress.

Eliminating the FDIC, which was created during the Great Depression nearly 100 years ago, would require authorization from Congress.

FDIC insurance exists to protect your deposited money if your bank collapses. Learn how it works and find out the coverage limits for your bank accounts.

The FDIC exists to help the banking system cope with exactly this type of crisis: When it was created in 1933, some 4,000 banks had closed in the first few months alone.