FDIC Warns of More Bank Troubles

Politics & Business / Money And Finance

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FDIC Warns of More Bank Troubles

The health of U.S. banks is quickly deteriorating, and the government fund set up to protect depositors might not have enough money to insure everybody, analysts told ABCNews.com. The Federal Deposit Insurance Corporation, or FDIC, insures bank deposits of up to $100,000 at nearly 8,500 of the nation's banks and also keeps a watch list of banks
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