In response,
Nearly all banks are FDIC insured. You can look for the FDIC logo at bank teller windows or on the entrance to your bank branch.If you have over $250,000 in one bank, which most people don't, that amount is considered uninsured and experts recommend that you move the remainder of your money to a different financial institution, said Caleb Silver, editor in chief ofFederal officials have been taking steps to make sure other banks aren't impacted.
“If they're trying to raise money through a share offering or if they're trying to sell more stock, they might have trouble on their balance sheet,” said Silver.
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