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Banking, Economy

“FDIC: US bank deposits dropped by most in 39 years to start 2023”

“US banks lost $472 billion in deposits in the first quarter, according to a new quarterly report from the Federal Deposit Insurance Corporation (FDIC) that offers a comprehensive look at how the industry navigated its most challenging period since the 2008 financial crisis. The… Continue Reading…

Banking

“Microsoft Joins FDIC to Invest in Minority-Owned Banks”

“EDITOR NOTE: In a move inspired by the TV show ‘Shark Tank,’ the Federal Deposit Insurance Corp. (FDIC) is teaming up with Microsoft and Truist to offer a new investment fund that will help divert funds to minority-owned banks in… Continue Reading…