Market Review and Trends
[Post 642] Why This Sign Is in Front of Banks | WSJ
By Sonicericsg  •  March 24, 2023
Summary The Federal Deposit Insurance Corporation was created from the Banking Act of 1933 to prevent the bank runs seen during the Great Depression. With Silicon Valley and Signature Banks, the FDIC is doing what it was designed to do—cover insured deposits. But it’s taken its promise even further, saying it will protect even the uninsured. Here’s how the FDIC works....
Read the full article
By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance