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001122334455554433221100

uninsured deposits at major banks reach 2.62 trillion dollars amid risks

Customers at JPMorgan Chase, Wells Fargo, and Bank of America now hold $2.62 trillion in uninsured deposits, significantly increasing the risk of loss in the event of a bank failure. While the FDIC insures deposits up to $250,000, anything above that is unprotected, leaving businesses and families vulnerable. The surge in uninsured deposits coincided with strong banking sector earnings, highlighting a growing concern over financial safety.
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United States Dollar Silicon Valley Bank N.A. Republic First Bank Corp. JPMorgan Chase & Co. Wells Fargo & Company Bank of America Corporation USA Show more
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15:30 22.03.2025
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