Word: fdic
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JULY 11 IndyMac closes main branch at 3 p.m. and tapes notice of FDIC takeover on door...
...guarantee a deposit of up to $25 million with FDIC. Citibank can get you up to $100,000. We're safer; we have higher rates. Compare us to anybody--black, blue, green or purple--let's see how things line...
Coup is one of the community bankers who have turned a routine regulatory application into a referendum on the world's biggest retailer. Wal-Mart submitted a filing last July asking the Federal Deposit Insurance Corporation (FDIC), the agency that guarantees bank deposits, to create a new entity called Wal-Mart Bank. It won't be a regular bank at all; the company says it will do nothing but process credit- and debit-card payments internally. But the application generated so many comment letters--3,600 and counting--that for the first time in its history, the FDIC decided...
...Cando, N.D. The fear, says Lawrence White, a professor of economics at New York University, is that the company will do to retail banking what it has done in apparel and groceries. Indeed, the application Wal-Mart filed would allow it to request a changed business plan through the FDIC without necessarily going through the entire process again...
...safe investment choice for the risk averse. A six-month CD from ETrade.com now earns 4.75% APY, one of the highest short-term CD rates nationwide. ? PayPal.com offers a money-market account with a rate of 4.38%, no minimum deposit and no withdrawal fee, but it is not FDIC insured. ? Check Bankrate.com to compare and evaluate CD and savings-account rates...