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Federal Deposit Insurance Act Federal Deposit Insurance Corporation Insurance Industry

Katten Muchin Rosenman LLP

FDIC Issues Final Rule Clarifying That Deposits in Foreign Branches of US Banks Are Not Insured

On September 12, the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) approved a final rule clarifying that deposits in foreign branches of US banks are not FDIC-insured, even though they can be deposits...more

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