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What the FDIC does when a bank fails

Por: CBS News Politics March 20, 2023

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In recent years, bank failures have become rare. Prior to failing earlier this month, the last time the Federal Deposit Insurance Corp. (FDIC) took over a financial institution was in October 2020. But the failures of Silicon Valley Bank and Signature Bank are a reminder of the banking system's vulnerability. After all, they were, respectively, the second and third largest bank failures in U.S. history.The largest one happened when the... + full article



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