Are money market funds still FDIC-insured? – Asset Protection

Question: A few years ago, I remember hearing that money market funds were covered by FDIC protection just like certificates of deposit and savings accounts. Are money market funds still FDIC-insured? The short answer is no, money market fund holders don’t have the same (very limited) guarantees that holders of CDs, money market deposit accounts, […]

More Than 750 Banks at Risk of Failure over Next Two Years

  Despite last year’s dip in U.S. bank failures, at least 758 lending institutions are at risk of failure over the next two years, according to an analysis by Invictus Consulting Group, which conducts stress and sustainability tests on all FDIC-insured banks for regulators, banks and investors. Based on all publicly available data on banks […]