Sentences with phrase «against bank failure»

The deposits held in an ordinary online savings account are protected against bank failure by the FDIC, and you can get quick access to your money whenever you need it.

And while the government insures your deposits against bank failures, FDIC insurance doesn't protect you from losses due to fraud.

Not exact matches

The Manafort / Gates indictment was unsealed Monday morning, and it contains 12 counts: conspiracy against the United States, conspiracy to launder money, unregistered agent of a foreign principal, false and misleading FARA statements, false statements, and seven counts of failure to file reports of foreign bank and financial accounts.

The delay effectively preempted Citigroup (C) from making disclosures regarding an SEC complaint against the bank — interestingly enough, for alleged disclosure failures.

In arguing against the bill, Brown noted that the Congressional Budget Office found that it would slightly increase the probability of a big bank failure, which would add to the deficit.

Failure to pay civil judgements against you could result in garnishment of wages or bank accounts, eviction or a forced sale of property, depending on state laws.

Ferguson quotes Bank of England chief economist Andrew Haldane's explanation: «No one had quite noticed that the global financial network had become connected enough for distress to cascade rapidly from one institution to many, but sparse enough for many institutions to be poorly diversified and inadequately insured against the failure of a counterparty.»

A rights advocacy group, Socio - Economic Rights and Accountability Project, said it had sued the Federal Government for its failure to initiate criminal proceedings against the wife of former President Goodluck Jonathan, Patience, in relation to the $ 15m traced to bank accounts belonging to her.

The primary benefit of sweeping uninvested cash balances to a bank deposit program is to obtain FDIC insurance, which protects your cash against losses in the event of a bank failure (up to $ 250,000 per bank per account type and up to $ 1.5 million allocated across banks in this program).

Unseasoned asset classes (i.e., asset classes for which we have no real loss statistics because they have never had failure as a group) should be disallowed as investments for banks except against surplus.

Something so important as the banking system has to be regulated and insured against failure, and that's why we have (and need) the FDIC.

This analysis says that's why we have low taxes, bailouts of wealthy investment banks, lack of action against those who caused the financial crisis and a failure to deal with climate change — because the rich 1 % want it that way.

Representing Nomura in an arbitration against the Czech Republic over the failure of prominent Czech bank IPB, in which Nomura's subsidiary Saluka was the dominant foreign investor.

We have successfully represented officers and directors of banks, mortgage lenders (including those specializing in subprime loans), and other financial institutions in connection with regulatory matters and complaints brought against them arising from allegations of failure to observe their fiduciary duties, alleged fraud, alleged predatory lending practices, and other matters arising from their respective roles in guiding and leading the efforts in the marketplace of their institutions.

The FinCEN action against XRP II LLC (Ripple) took many by surprise early last month, although many in the Bitcoin community were not shocked to see an organization with such close ties to a digital token face backlash for «willful violations» of the Bank Secrecy Act (BSA) and failure to implement appropriate anti-money laundering (AML) procedures.

Robinson says that the main gripe within the industry is that banks are blocking the creation of new accounts for money remittances, possibly in the wake of the # 1.2 billion fine levied against HSBC last year over anti-money laundering failures.