Sentences with phrase «insured bank or financial institution»

Not exact matches

an independent agency of the federal government, created in 1933, charged with preserving and promoting public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions up to applicable limits; by identifying, monitoring, and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails; further information on the FDIC and FDIC coverage may be found at fdic.gov

Second, seek legislation requiring that if a federally insured financial institution is required to pay fines to or settlements with any regulatory agency aggregating more than $ 2.5 billion in any two year period based on conduct that, if established, would constitute a crime under any law, then the CEO, President, and all Board members must step down, disgorge all of the bank's stock they own, and they are disqualified from holding any office at any federally - insured institution for the rest of their lives.

Unlike bank accounts or accounts at some other financial institutions, CTK are uninsured unless you specifically obtain private insurance to insure them.

Deposit accounts with non-U.S. financial institutions offered through U.S. Bank are not deposits of U.S. Bank and are not insured by the FDIC or guaranteed by any governmental agency or authority, or by U.S. Bank.

12) Savings and Investment Products Before opening a savings or investment account with a bank or other financial institution, find out whether the account is insured by the federal government (FDIC or NCUA).

Under the new rules, financial institutions will now require both insured and uninsured borrowers to undergo the stress test and qualify at the greater of two options: either the five - year benchmark rate published by the Bank of Canada (currently 4.89 per cent), or the contractual mortgage rate plus two percentage points.

Investments are not FDIC - or NCUA - insured, are not guaranteed by a bank / financial institution, and are subject to risks, including possible loss of the principal invested.

Or, as a financial entity that is not under the same regulations as an insured depository institution, Ralston said the restructuring can be done in a more sustainable, profitable way than the bank could accomplish.