Latest Federal Deposit Insurance Corporation News

Should You Bank With Your Brokerage?

Dec. 01, 2021 08:21 AM EST

If you’ve invested with a brokerage firm in recent years, you may have noticed that your brokerage offers a product called a cash management account. These accounts are very similar to a checking or savings account and typically provide competitive interest rates, debit cards and other...

Drivers scramble as cash falls from armored truck on freeway

Nov. 22, 2021 20:57 PM EST

CARLSBAD, Calif. (AP) — Drivers scrambled to grab cash Friday morning after bags of money fell out of an armored truck on a Southern California freeway, authorities said. The incident occurred shortly before 9:15 a.m. on Interstate 5 in Carlsbad. ...