For the first time since the early 1990’s, the Federal Deposit Insurance Corporation’s insurance fund to protect consumers’ deposits has a negative balance.

The name Ben Bernanke has become synonymous with this financial crisis, and this could be either a good thing or a bad thing depending on how the Senate Banking Committee feel

The Federal Deposit Insurance Corporation (FDIC) has already closed 124 banks to date and with that record number of bank failures, you would think that they'd be about done already.

Nine US banks that had undergone stress tests earlier this year

The FDIC had a relatively quiet weekend with only one bank closure last Friday – Commerce Bank of Southwest Florida.

The Federal Deposit Insurance Corporation moved forward with plans last Thursday to replenish its Deposit Insurance Fund (DIF), to ensure continued protection of consumers’ deposits.

The last year has been particularly challenging for the FDIC. There is still another full month of 2009 to go and the bank closure list has already passed the 120 mark.

In a move primarily made to project financial stability to bank clients, the nation's top four banks have announced in separate statements that they have decided not to renew their participation in the FDIC's Transaction Account Guarantee (TAG) Program.

The Fed has finally announced the rules that will prohibit banks from charging overdraft fees at ATMs and other debit card transactions without the express consent of the customer to enroll them in the overdraft service.

Some of our regular readers may remember an article we published back in September that mentioned the FDIC's plan for injecting a little more money into their Deposit Insurance Fund (DIF) by making banks prepay three years of their FDIC fees