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Top related persons:
Kerri Anne Renzulli - 1 Banks - 1 You’ll - 1
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government’s U.S
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Insurance - 1 U.S - 1 government’s Federal Deposit Insurance Corp - 1 National Credit Union Administration - 1 Federal Reserve - 1 Consumer Financial - 1 Consumer Financial Protection Bureau - 1 Social - 1

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☆ How to Open a Savings Account
  + stars: | 2024-01-14 | by ( Kerri Anne Renzulli | ) www.wsj.com   time to read: +9 min
If you’re ready to get the most out of your spare dollars, take these steps to open a new savings account. Compare savings account optionsIf you plan to open a savings account online, there are hundreds to choose from. Banks may also require you to deposit a certain amount to open or maintain a savings account with them. If you want to open a savings account that will be shared with another person, like a spouse or partner, you should opt for a joint account rather than a single account. Fund the accountIf your chosen bank or credit union requires a minimum deposit to open a new savings account, you’ll need to fund it with a check, cash, credit or debit card payment, or transfer from another checking or savings account.
Persons: Kerri Anne Renzulli, Banks, You’ll Organizations: Insurance, U.S, government’s Federal Deposit Insurance Corp, National Credit Union Administration, Federal Reserve, Consumer Financial, Consumer Financial Protection Bureau, Social, ABA Locations: government’s, U.S
☆ What caused the global banking crisis this week and will it lead to a recession?
  + stars: | 2023-03-17 | by ( Mark Thompson | ) edition.cnn.com   time to read: +7 min
Silicon Valley Bank’s customers were frantically pulling their money from the California-based lender before US regulators intervened to take control. Thursday, March 16 — First Republic Bank was teetering on the brink as customers withdrew their deposits. In guaranteeing all deposits at Silicon Valley Bank and Republic Bank, the US Federal Reserve is on the hook for $140 billion. Then there’s the $54 billion the Swiss National Bank offered Credit Suisse in the form of an emergency loan. The $318 billion the Fed has loaned in total to the financial system is about half what was extended during the global financial crisis.
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