$7,162,000,000,000 in Uninsured Deposits Brewing in US Bank Accounts As Customers Risk Zero Protection From Federal Government: Report

Americans are holding a whopping $7.162 trillion in uninsured cash in their bank accounts, according to an under-the-radar report from the Federal Deposit Insurance Corporation (FDIC). The agency says the data, which was captured at the end of March, shows the amount of unprotected cash in US banks is increasing for the first time since […] source: https://dailyhodl.com/2024/08/09/7162000000000-in-uninsured-deposits-brewing-in-us-bank-accounts-as-customers-risk-zero-protection-from-federal-government-report/