BUSN 70 Lecture Notes - Lecture 40: Federal Deposit Insurance Corporation, Gofundme, Online Banking
13 Mar 2021
School
Department
Course
Professor
Document Summary
An insurance fund established in 1933 that insures individual bank accounts: it"s. Insures personal accounts up to a maximum of ,000 at nearly 8,000 fdic member institutions. Don"t put money in banks that are not ensured by this. An agency that regulates and charters credit unions and insures their deposits through its national credit union insurance fund. Large bank failures occurred during this most recent recession. 474 banks failed between january 2009 and may 31, 2014. Compare this to 52 failures between january 2000 and december 31, 2008. As of march 2014 number of problem banks has declined for 12 quarters in a row. The world bank raises money through donations, bond sales, and shareholder support. The money is used to provide loans and other financial assistance to developing countries. Realizing that funding certain projects could negatively affect the environment the world. Bank adopted policies to assess the sustainability of proposed projects.
