Federal Deposit Insurance Corporation (FDIC)

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation's financial system. The FDIC insures deposits, examines and supervises financial institutions for safety, soundness, and consumer protection, makes large and complex financial institutions resolvable, and manages receiverships. Since its creation in 1933, the FDIC has been an essential part of the American financial system. In the 1920s and early 1930s, a rise in bank failures created a national crisis that wiped out many Americans' savings. Since FDIC insurance began in 1934, no depositor has lost a single penny of insured funds due to bank failure.

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This news site is known for its high journalistic standards. It strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. It has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

100%

Examples:

No current examples available.

Conflicts of Interest

100%

Examples:

No current examples available.

Contradictions

100%

Examples:

No current examples available.

Deceptions

100%

Examples:

No current examples available.

Recent Articles

  • FDIC Appoints Fulton Bank as Receiver for Failed Republic First Bank: $667 Million Cost to Deposit Insurance Fund

    FDIC Appoints Fulton Bank as Receiver for Failed Republic First Bank: $667 Million Cost to Deposit Insurance Fund

    Broke On: Friday, 26 April 2024 The Pennsylvania Department of Banking and Securities has closed Philadelphia-based Republic First Bank, appointing the FDIC as receiver and selling its deposits and assets to Fulton Bank. With $6 billion in assets and $4 billion in deposits, this is the first bank failure in the US this year. Depositors are now Fulton Bank customers, with insured funds up to $250,000. The acquisition cost the DIF $667 million and has raised questions about potential collusion between regulators and Fulton Bank.