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Fortune: Uninsured depositors remain a ticking time bomb for the U.S. Banking system

By July 25, 2023August 8th, 2023No Comments

According to Fortune, 40% of all deposits remain uninsured. Deposit insurance in U.S. banks is provided by the Federal Deposit Insurance Corporation (FDIC); for credit unions, it’s the National Credit Union Administration. The maximum amount covered is $250,000 in a bank account (although there are ways to have multiple covered accounts).  EWM is helping high net worth individual or a business with more than $250,000 in deposits increase their FDIC insurance, through Cantor Fitzgerald’s CF Cash Program. Learn more at