The FDIC protects depositors from failing banks. Most FDIC-insured institutions are well-capitalized and well-managed, so it’s unlikely that you will have deposits in a bank that fails. But it’s common for people to ask, What should I know and do if I hear that my bank has been closed? We hope the following will answer […]
Part 4 of China’s “Hot Money” Problems. The main concern in China over the influx of “hot money” has been that it may add to China’s inflationary pressures. In July 2008, the government reported that the consumer price index had risen by 7.9% over the first half of 2008 over the same period in 2007 […]