What does the term “bank failure” mean? What role does FDIC insurance play?
Short essay
Bank Failure
Despite the regulations that protect banks from failure, some do fail. Go to
https://www.fdic.gov/bank/individual/failed/
In your initial response to the topic you have to answer all questions:
1. What does the term “bank failure” mean? What role does FDIC insurance play?
2. How many banks failures occurred in the United States during the most recent complete calendar year?
3. How many banks failures occurred in the United States during 2020?
4. How many banks failures occurred in the United States during 2018?
5. How many banks failures occurred in the United States during 2017?
6. What were the total assets and total deposits held by the banks that failed during 2019?
