a guarantee by a federal agency that an individual depositor at a participating depository institution will receive the full amount of the deposit (up to $100,000) if the institution becomes insolvent; insurance provided by a federal fund administered by the Federal Deposit Insurance Corporation, which insures the deposits of individuals who invest at banks that are members of the Federal Reserve System
In normal times, our own deposit insurance limits the amount subject to its guarantee at $250,000.
Eurozone leaders are ignoring these basic tenets of deposit insurance.
Eurozone leaders have ignored these basic tenets of deposit insurance.
Who wants to leave their cash in an institution that unilaterally and arbitrarily reduces its deposit insurance commitment?
As Cyprus reneges on their deposit insurance guarantees, the rest of Europe is in the crosshairs.
deposit insurance is the one way we know to stop a bank run.
deposit insurance and the like are a giant statement of faith in your fellow man.
In short, they threw away the EU pledge of deposit insurance, which is the last defense against nationwide bank runs.