federal deposit insurance corporation

FDIC: Banks Earn $141.3 Billion in 2012, Second-Highest Annual Haul Ever

Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks continued to step up lending. The figures are fresh evidence of the industry's sustained recovery more than four years after the financial crisis.

13 Common Money Mistakes to Avoid in 2013

The new year is upon us, and it's a great time to resolve to be better at managing your money in 2013 and beyond. To help you drill down on the biggest opportunities, here are 13 of the most common mistakes people make with their money.

9 Questions to Ask to See If Your Bank Is Right for You

The end of the year is a good time to give your financial life a once-over and see what changes need to be made. One item not to forget in that review: your bank. Answering these questions will help you determine whether your money is in the right place, or if it's time for a strategic withdrawal.

Your Insurance Won't Cover That: Hidden Dangers in the Fine Print

When you buy insurance, what you're really buying is protection. A common mistake, though, is to overestimate what your policy really protects you from. Here are some examples to watch for in the fine print so that you don't make the costly mistake of assuming you're covered.

Prepaid Cards Are 'Risky' and Loaded with Fees, Pew Study Finds

Reloadable prepaid cards, which work like debit cards without a bank account, have been growing in popularity. But prepaid cards are riskier than you'd realize, and most come with between 7 and 15 fees - many of which aren't disclosed - reveals a new study from a nonpartisan think tank.

6 Strategies for Young Adults to Save More in 2012

Saving doesn't come easily for us young adults. Entry-level salaries don't give you a lot to work with, and we tend to spend what we make. But don't worry: We're not doomed to frivolity and financial ruin. Here's how you can start saving smart.

The Latest Credit Card Trap: No Limits, Just 'Access'

Now that consumer protection laws have pushed back against some of the methods banks devised to make excessive profits at your expense, the financial institutions are trying new techniques. Here's one that at first glance seems like a benefit: Taking away your credit limit.

More Southerners Are Off the Banking Grid

More people in Southeast don't have bank accounts than in any other part of the country. The state of Mississippi leads the country with more than 16% of households using cash-and-carry for all their transactions. That's a situation that can keep families from climbing the ladder of success.

Top Tips on Choosing the Right Bank for You

Picking a bank is a lot like selecting a new paint color for your kitchen. You're going to see a lot of it, and while you can always change your mind if you don't like the one you've chosen, it's a hassle. We asked the experts for advice on how to choose the one best suited to your needs.

Bank Bailouts Cost Much Less Than the FDIC Expected

Given the level of public outrage over the government's rescue of banks during the financial crisis, the final cost to the taxpayer of keeping those failed institutions afloat turns out to have been relatively modest: The FDIC has paid out a mere $8.89 billion to 165 banks since the crisis began.

FDIC Confirms Good News, Bad News for U.S. Banks

The financial headlines of the last several months have shown large banks making near-record profits, and small banks being closed at a pace of three or four per week. The FDIC has released its comprehensive report on the industry for the third quarter, and it confirms that fairly positive assessment.

Higher FDIC Fees May Benefit Bank Customers

The FDIC is changing the way banks pay for insurance, and big banks will soon pay much more than their smaller rivals to protect deposits. Even so, many bank customers will be better off at large banks, which may now have a greater interest in attracting deposits.

Seven more banks fail, total now 140

The financial crisis has claimed seven more banks, bringing the total number of casualties this year to 140. The FDIC took over all seven of them: Two large banks in California, and smaller ones in Alabama, Florida, Georgia, Michigan and Illinois.

Commercial Real Estate Loans Gone Bad Imperil Banks

It's no secret that one of the biggest dangers facing banks today is that loans to builders of office towers, malls and other commercial properties are going sour at a quickening pace. Financial regulators, including Fed Chairman Ben Bernanke and Federal Deposit Insurance Corp. chief Sheila Bair, have warned of the risk.

Regulators seize two more banks

Regulators shut down two banking units of Irwin Financial Corp. (IFC) Friday, marking the 93rd and 94th failures this year of federally insured...