FDIC simplifies bank deposit rules
The Federal Deposit Insurance Corp. loosened the rules this week on guaranteeing deposits of more than $100,000 in a single banking institution.
The new interim rules adopted by the FDIC make it easier for depositors with more than $100,000 to designate beneficiaries in so-called revocable trust accounts and gain protection of up to $100,000 for each beneficiary.
The FDIC relaxed requirements that beneficiaries ...
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