The FDIC guarantees deposits at commercial banks, while the Fed's rate-raising cycle influences Certificate of Deposit yields offered by institutions like EagleBank and American Express.
1 report, 1 independent
Updated Sep 20
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What happened
The FDIC guarantees deposits at commercial banks, while the Fed's rate-raising cycle influences Certificate of Deposit yields offered by institutions like EagleBank and American Express.
Who's involved
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The entities involved
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Federal Deposit Insurance Corporation
US government agency providing deposit insurance
Nothing else this week.
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EagleBank
community bank headquartered in Bethesda, Maryland, US
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American Express
American multinational financial services corporation